Name: 9. (15 pts) Soybeans can be processed into two products: soybean meal and soybean oil. Typically 60 pounds of soybean will yield about 11 pounds of oil, 48 pounds of meal, and 1 pound of waste. This is referred to as the soybean crush yield. (S pts) Given the following current futures prices,calculate the soybean crush spread. $7.30 bushel $0. I 0/pound bean soy soybean meal soybean oil S0.25/pound (2) (5 pts) Based on the historical normal soybean crush spread of S0.30, indicate which contract(s) is over-priced or under-priced and describe the corresponding spread trading strategy. Over-priced: Buy: Under-priced: Sell: (3) (5 pts) Suppose that the normal soybean crush spread is $0.20. Which contract(s) is over-priced or under-priced? What should the corresponding spread trading strategy be? Over-priced: Buy: Under-priced: Sell