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8) George Farmer expects to harvest 30.000 bushels of soybeans in October. In April, when the spot price of soybeans was 58.41 /bushel, George hedged his entire crop with futures contracts 5000bule at 620 George lifts the hedge in October. The spot price of Soybeans is now 55.87 bushel and the basis is now 30.03 George's profit (los) on his futures position is s George's revenue (expenditure) on the spot market is s George's not revenue (expenditure) is $ George's effective price per bushel is