A Moving to another question will save this response. Question 11 An elevator operator typically purchases huge amounts of grain from farmers. Assume the following prices. Date Spot Price /Bu March Futures Price September 1 $2.10 $2.34 October 1 $2.05 $2.20 November 1 $2.20 $2.38 DELL Question Completion Status: November 1 $2.20 $2.38 It costs the elevator $0.05/Bu/month to store the grain. An elevator purchases grain from a farmer on September 1 at 3 cents under the spot and immediately sells it for 1 cent over the spot price. What is the elevator's hedging position? the elevator has no need to hedge M DELL * Question Completion Status: the elevator has no need to hedge O long hedges from 9/1 to 10/1 short hedges from 9/1 to 11/1 long hedges from 9/1 to 11/1 Moving to another question will save this response A Moving to another question will save this response. Question 11 An elevator operator typically purchases huge amounts of grain from farmers. Assume the following prices. Date Spot Price /Bu March Futures Price September 1 $2.10 $2.34 October 1 $2.05 $2.20 November 1 $2.20 $2.38 DELL Question Completion Status: November 1 $2.20 $2.38 It costs the elevator $0.05/Bu/month to store the grain. An elevator purchases grain from a farmer on September 1 at 3 cents under the spot and immediately sells it for 1 cent over the spot price. What is the elevator's hedging position? the elevator has no need to hedge M DELL * Question Completion Status: the elevator has no need to hedge O long hedges from 9/1 to 10/1 short hedges from 9/1 to 11/1 long hedges from 9/1 to 11/1 Moving to another question will save this response