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QUESTION 2 (3 points each section, a total of 6 points) On December 13, 2021, you observe the following soybean futures prices : Contract Month
QUESTION 2 (3 points each section, a total of 6 points) On December 13, 2021, you observe the following soybean futures prices : Contract Month Price ($ per bushel) March 2022 12.56 May 2022 12.64 July 2022 12.71 September 2022 12.46 All the interest rates over the periods above are positive. All the costs of storing the soybeans over the periods above are positive. A. Why is the May 2022 futures price higher than the March 2022 futures price? Why is the July 2022 futures price higher than the September 2022 futures price? B
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