Today's hdbshdbshexpected basis is $178/tonne.

• Calculate the Expected Forward Price
• Assume that the hedge is offset on 05/01/2021 when the January snn 326 /tonne and the actual basis is $6888/tonne weaker than expected

Complete thhdnshdnd compute the Actual Sale Price

Date	Cash Market	Futures Market	Basis
15/0ndhsb20	Forward Price = $________/t	_________ _____ contracts of (Buy or Sell) (#) ___________ wheat @ $_____/t (Conhdshbh, year)	(expected)
05/01/2021	Cash Wheat @ _______/t	_________ _____ contracts of (Bujsdnl) (#) ___________ wheat @ $_____/t (Contract month, year)	(actual)
	Cash Price Received = __________/t	Futures Gain/Loss = $ ______/t	Basis Change from Expected to Actual Basis = _______/t
Net Sjsdns: ($___________/t = $___________/t $___________/t)

c) Did the asdhsdbs hsdbsExplain why or why not