Now Captain Crush offsets his futures trades (those made in #38) at the Feb. 15 prices by selling 1 soybean futures contract and buying 1 soybean oil and 1 soybean meal contract. What is his net profit/loss in $(+/-) on this total futures trading activity (e. the futures trades in #38 and the reversing/offsetting trades in #40)? Question 41 1 pts Now suppose that soybean prices in the near futures and local cash market prices diverge in late February with soybean prices in the local cash market increasing to $12.50 and near futures remaining at $12. This has a negative effect on the gross crushing margin, because Captain Crush buys its soybeans in the cash market. How could Captain Crush have best protected or hedged against this risk of the "basis" increasing? Hedge by going long the basis in December Buy Call Options in December on March soybean futures Sell Put Options in December on March soybean futures Hedge by going short the basis in December Now Captain Crush offsets his futures trades (those made in #38) at the Feb. 15 prices by selling 1 soybean futures contract and buying 1 soybean oil and 1 soybean meal contract. What is his net profit/loss in $(+/-) on this total futures trading activity (e. the futures trades in #38 and the reversing/offsetting trades in #40)? Question 41 1 pts Now suppose that soybean prices in the near futures and local cash market prices diverge in late February with soybean prices in the local cash market increasing to $12.50 and near futures remaining at $12. This has a negative effect on the gross crushing margin, because Captain Crush buys its soybeans in the cash market. How could Captain Crush have best protected or hedged against this risk of the "basis" increasing? Hedge by going long the basis in December Buy Call Options in December on March soybean futures Sell Put Options in December on March soybean futures Hedge by going short the basis in December