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What price would a feedlot operator located near Ogden, Utah plan to spend on corn he will be buying in the local cash market on
What price would a feedlot operator located near Ogden, Utah plan to spend on corn he will be buying in the local cash market on March if he hedges the corn on December and the expected basis for March is $ over per bushel? Assume the same buyer as in question and that storage cost for com between December and March is $bu What would his net purchase price cost for the corn be if: a He bought the physical corn on in the cash market when the local cash price was $ bu b He hedged long position the corn on and then offsets the contract on when local cash price is $ and the March Corn futures price is $ c He waited to purchase the corn on when the basis was $ over per bushel and the futures price was $
What price would a feedlot operator located near Ogden, Utah plan to spend on corn he will
be buying in the local cash market on March if he hedges the corn on December
and the expected basis for March is $ over per bushel?
Assume the same buyer as in question and that storage cost for com between December
and March is $bu What would his net purchase price cost for the corn be
if:
a He bought the physical corn on in the cash market when the local cash price was
$ bu
b He hedged long position the corn on and then offsets the contract on
when local cash price is $ and the March Corn futures price is $
c He waited to purchase the corn on when the basis was $ over per bushel and
the futures price was $
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