Question: Question 37 (3 points) She's deciding between a typical hedge and selling at harvest August 1 2023 (July is the nearest futures month) OR

Question 37 (3 points) She's deciding between a typical hedge and selling

Question 37 (3 points) She's deciding between a typical hedge and selling at harvest August 1 2023 (July is the nearest futures month) OR storing until Mar 1 2024 and hedging the storage. Expected basis in August is -0.10 while expected basis in March is +$0.05. Jul 2023 $6.80 Sept 2023 $6.82 Dec 2023 $6.89 Mar 2024 $7.00 May 2024 $7.02 Now find her expected net price for a storage hedge Type the expected net price in $ format, like $10.00. A/

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