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Please use the following table for the next 2 questions. Expiration Time Today = Spot 6 months 12 months 18 months 24 months Soybeans (Cents/Bushel)

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Please use the following table for the next 2 questions. Expiration Time Today = Spot 6 months 12 months 18 months 24 months Soybeans (Cents/Bushel) 1396 1286 1224 Corn (Cents/Bushel) 479 491 529 535 545 1246 1260 Question 1 (4 points) Saved Which of the following terms most accurately describes the forward curve for Soybeans over the next two years? O Contango Contango and backwardation Backwardation Backwardation and Contango Which of the following terms most accurately describes the forward curve for corn over the next two years? Backwardation and contango Contango Backwardation Contango and backwardation

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