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You contracted 2000bushels of corn for JAN delivery at $3.85/bu.Upon delivery,your corn tests 16.5%moisture.The elevator charges $.05/point (.1percentage point)above 15.5%moisture.What is going to be your
You contracted 2000bushels of corn for JAN delivery at $3.85/bu.Upon delivery,your corn tests 16.5%moisture.The elevator charges $.05/point (.1percentage point)above 15.5%moisture.What is going to be your net pay price for this contract?
(*This is Agriculture Marketing course)
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