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QUESTION 1/4 The charts below show spot and futures prices for corn in S/bu between 1/2/2015 and 9/14/2015. The chart on the left shows spot

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QUESTION 1/4 The charts below show spot and futures prices for corn in S/bu between 1/2/2015 and 9/14/2015. The chart on the left shows spot prices offered by a grain elevator in Lincoln, NE and futures prices for September delivery. The chart on the right shows spot prices offered by a different grain elevator also located in Lincoln, NE, along with futures prices for September delivery. Spot market-Lincoln, NE-Grain elevator 1 Spot market-Lincoln, NE-Grain elevator 2 4.6 4.4 4.2 4 3.8 3.6 3.4 3.2 4.4 4.0 3.8 3.6 3.2 spot (Lincoln, NEfutures (September delivery) -spot (Lincoln, NE) futures (September delivery)

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