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This is more grain trading and administration marketing Complete the following Grain Hedge Position Report to determine the Net Position. Use this information to answer
This is more grain trading and administration marketing
Complete the following Grain Hedge Position Report to determine the Net Position. Use this information to answer t question that follows: GRAIN HEDGE POSITION REPORT CROP: SOYBEANS DATE: November 15 SHORT POSIIION Ennriced Basis Sales "Not to be included in Total Posilion Undelivered Grain Sold \& Priced Total Total TOTAL SHORT NET POSIHON What order do you enter to bring the Net Position back into balance? a. Buy 10,000 bushels of JAN soybeans at the market. b. Buy 10,000 bushels of NOV soybeans at the market. c. Sell 10,000 bushels of JAN soybeans at the market. d. Sell 20,000 bushels of JAN soybeans at the market. 2) Complete the following Grain Hedge Position Report to determine the Net Position. Use this information to answer question that follows: What order do you enter to bring the Net Position back into balance? a. Buy 10,000 bushels of NOV soybeans at the market. b. Buy 5,000 bushels of MAR soybeans at the market. c. Sell 5,000 bushels of NOV soybeans at the market. d. Sell 10,000 bushels of MAR soybeans at the market. GRAIN HEDGE POSITION REPORT - BEFORE CROP: CORN DATE: December 15 Unoriced Basis Sales "Not to be included in Total Posinton Net Company Owned Stocks 848000 Indeliverad Grain Sold \& Prired Total 25000 TOTAL LONG 1173000 TOTAL SHORT 1175000 2000 NET POSITION DAILY ACTIVTY Purchase 20,000 bushels across the scales. Purchase 5,000 bushels out of storage. Purchase 20,000 bushels for January delivery. Price sale for Deellan delivery by funures exchange Take 200,000 bu. MAR furures. Sell 45,000 busbels of MAR funures. Sell 30,000 DEC (2) cern. GRAIN HEDGE POSITION REPORT - AFTER CROP: CORN Date: December 16 Unpriced Basis Sales "Not to be used in Total Position Total Unpriced Grain 397000 Net Company Owned Stodks at Price Risk 873000 Undelivered Grain Sold \& Priced TOTAL LONG 1373000 TOTAL SHORT 1405000 32000 NET POSITION What is the cause of the Net Position being out of balance? a. Incorrect posting of purchases out of storage. b. Incorrect posting of pricing of Dec/Jan Basis Sale. c. Incorrect posting of MAR futures activity. d. Sale of DEC futures with no offsetting cash transaction Step by Step Solution
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