Now assume also in December that to protect gross margins Captain Crush simultaneously buys 1 contract of soybean futures and sells 1 soybean oil and 1 soybean meal futures contract, which happens to exactly equal the company's crushing operation ratio. Also, assume that both cash and futures market prices are as follows: Soybeans $10/bu. (1 contract=5000 bushels), Soybean Meal $300 per ton (1 contract =100 Tons), Soybean Oil $0.50 per lb. (1 contract 60,000 lbs.). What is Captain Crush's gross crushing margin in $/bu. of soybeans processed for crushing at these cash prices? Question 39 1 pts On February 15th, cash and near future soybean prices have gone up to $12, while soybean oil prices have remained the same and soybean meal prices have risen to $350/ton. What is his Captain Crush's gross margin (in $/bu. of soybean processed) for crushing at these new cash prices