Question 20 An elevator operator typically purchases huge amounts of grain from farmers. Assume the following prices. Date Spot Price /Bu March Futures Price September 1 $2.10 $2.34 October 1 $2.05 $2.20 November 1 $2.20 $2.38 It costs the elevator $0.05/Bu/month to store the grain. An elevator purchases grain from a farmer on September 1 at 3 cents under the spot and immediately sells it for 1 cent over the spot price. What is the total profit, from both the spot and futures markets, per bushel of the elevator operator? a loss of 6 cents O o none of these other answers are correct a loss of 6 cents O a gain of 5 cents oa gain of 4 cents