Question: help! Using the following information, please make the correct choices. On September 3rd, you wanted a futures contract's worth of corn, which had a cash

help! help! Using the following information, please make the correct choices. On September

Using the following information, please make the correct choices. On September 3rd, you wanted a futures contract's worth of corn, which had a cash (January futures) price of $6.05($6.23). On January 3rd, the cash (futures) price is $6.33($6.48). What is the January basis (actual not impact)? 1. +0.15 What is the September basis (actual not impact)? 2. +0.03 Did you have a short or long hedge? 3. +0.28 Were you going to sell or buy a good in the cash market in 4. short January? 5. +0.18 What is your net futures gain or loss? 6. -0.15 What amount did the cash price move? 7. +0.06 What is the overall change in basis between the two time 8. +0.25 frames? 9. -0.25 10. -0.28 11. -0.18 12. long 13. buy 14. -0.06 15. sell 16.0.03

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