The current spot price of soybeans is US$13.19 per bushel and the six-month soybean futures price is quoted at US$13.42 per bushel. The proportional storage cost of soybeans is 1.5% per annum with continuous compounding. The interest rate is 1.3% per annum for all maturities with continuous compounding. Which of the following statements regarding the opportunity for arbitrage profits is most accurate? (Assume that soybeans can be short sold, if needed.) Arbitrage is not possible because the futures contracts are correctly priced. Arbitrage is possible by short selling soybeans and entering a long position in the six-month soybean futures contracts. Arbitrage is possible by borrowing to buy and store soybeans for six months and entering a short position in the six-month soybean futures contracts. Arbitrage is possible by borrowing to buy and store soybeans for six months and entering a long position in the six-month soybean futures contracts. Arbitrage is possible by short selling soybeans and entering a short position in the six-month soybean futures contracts