Please help me hedge and understand this, I wasn't able to make it to class for these notes so I'm left confused. Could really use help with exams coming up. Thank you in advance, will upvote!!

Plot a break-even basis (B.E.) and the monthly basis listed below and answer questions: Today's basis: Expected normal basis on July 1: Harvest October 1: Storage cost: $-0.50 $-0.15 Lift hedge by July 1 $0.02 per month Breakeven Basis Table: 16 pts. Breakeven Basis Breakeven Basis Diff. Diff. Month Oct 1 Nov 1 Dec 1 Jan 1 Feb 1 Actual Basis -0.500 -0.450 -0.400 -0.370 -0.300 Month Mar 1 Apr 1 May 1 Jun 1 Jul 1 Actual Basis -0.220 -0.220 -0.160 -0.170 -0.100 Breakeven Figure: draw the breakeven basis line and the actual basis (16 pts.) BASIS 0.00 -0.10 -0.20 -0.30 -0.40 -0.50 -0.60 -0.70 -0.80 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 4. What could you receive when you did lift your hedge for each of the months you would consider lifting early? (6 pts.) Show work. 5. What would you receive if held to July 1? (3 pts.) Show work. Plot a break-even basis (B.E.) and the monthly basis listed below and answer questions: Today's basis: Expected normal basis on July 1: Harvest October 1: Storage cost: $-0.50 $-0.15 Lift hedge by July 1 $0.02 per month Breakeven Basis Table: 16 pts. Breakeven Basis Breakeven Basis Diff. Diff. Month Oct 1 Nov 1 Dec 1 Jan 1 Feb 1 Actual Basis -0.500 -0.450 -0.400 -0.370 -0.300 Month Mar 1 Apr 1 May 1 Jun 1 Jul 1 Actual Basis -0.220 -0.220 -0.160 -0.170 -0.100 Breakeven Figure: draw the breakeven basis line and the actual basis (16 pts.) BASIS 0.00 -0.10 -0.20 -0.30 -0.40 -0.50 -0.60 -0.70 -0.80 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 4. What could you receive when you did lift your hedge for each of the months you would consider lifting early? (6 pts.) Show work. 5. What would you receive if held to July 1? (3 pts.) Show work