Settlement prices per bushel for yellow corn futures are the following (all contract months are in the same year):

July: $6.34

September: $5.93

December: $5.69

Based only on this information and assuming that the convenience yield is defined for all contracts, what can we say about the convenience yield for yellow corn on this date?

Group of answer choices

Convenience yield for corn is relatively low.

Corn is an investment asset, so convenience yield is not defined.

Convenience yield for corn is relatively high.

Convenience yield is negative, because futures prices are lower the closer that maturity of the contract is to today.

Convenience yield for corn is volatile due to the decreasing futures prices as time to maturity increases.