Question: Given the following situation, what would the value be that the farmer would buy the futures contract at if they are wanting to hedge soybeans

Given the following situation, what would the value be that the farmer would buy the futures contract at if they are wanting to hedge soybeans for a fall crop in 2023 today. Current cash price is $14.75, current Futures price is $15.25, November cash price is $13.25 and November futures price is $13.75.

a. $14.75

b. $13.25

c. 15.25

d. $13.75

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