You are the owner of a farming operation that raises both row crops and cattle. As the farm manager, you have identified a weakness in your operation. You are not quite sure how to more effectively market your cattle other than to sell them at the local sale barn. So, you have decided to focus on being a better marketer of your grain. For the upcoming growing season, you plan to forward contract your grain using a few different contract methods. The local elevator is paying $3.50 for corn to be delivered in September and the market's closing price for September futures is $3.82. You decide that you want to hold your corn until January delivery for tax reasons. The spread between the September futures and December futures contract is $0.12. The spread between the December and March futures contract is $0.08 cents. If the basis for January delivery is a dime better than September's basis, what will the elevators bid be for January delivery? Hint: Corn futures month used for January delivery is CH. Enter in your