W. 15 minutes, 47 seconds Spo Question Completion - Move to her with more uestion 3 An elevator operator typically purchases huge amounts of grain from tarmers Assume the following prices Date Spot Price Marchres Price September 1 52.10 5234 October 1 $2.05 $2.20 November 1 52.20 5238 It costs the elevator $0.05/B/month to store the An elevator purchases grain from a former on September 1. He has no immediate bere put it into storage and hedges On Nowembet she has a ouver at one cort over te nimetus sells his wain at that price and Immediately liquidates bished What is the elevatorstaine position? An elevator purchases from from Sebe 1 hotels and the Oberte has been the se that comes to desished What is the elevator dine position? there is no need for the elevator to hede the tester long heder from September 1 to howmber 1 the devoter short heders from September 1 to be the stor short hat from setter 1 to October 1 the later long heden trom Stendes 1 to October 1