PROBLEM 6. On February 12, 2020, the spot price of corn was $3.7850/bu. On the same day, the following closing prices were recorded for the futures contracts on CME: Contract Month Settlement Price Mar-20 $3.8400 May-20 $3.7825 Jul-20 $3.5050 Sep-20 $3-4375 Dec-20 $4.0100 Mar-21 $4.1350 May-21 $4-0775 Jul-21 $3.7600 Sep-21 $3.9800 Dec-21 $3.7425 Mar-22 $3.6800 May-22 $3.8225 Jul-22 $3.3900 Sep-22 $3.7750 Dec-22 $4.1175 For each contract month, determine whether the contract is in contango or in backwardation