QUESTION $5$ Question $6$:

GRAIN HEDGE POSITION REPORT

CROP: CORN

DATE: January $15$

Sell $5,000$ MAR

Sell $5,000$ MAY

Sell $5,000$ JUL

Sell $5,000$ DEC $(2)$ Question $7$:

GRAIN HEDGE POSITION REPORT

CROP: SOYBEANS

DATE: December $28$

Unpriced Grain

Net Company Owned Stocks $,70000$

Unreceived Grain Bought & Priced

Long Futures

TOTAL LONG

Undelivered Grain Sold & Priced

Short Futures

TOTAL SHORT

Sell $5,000$ MAR

Sell $5,000$ NOV $(2)$

Sell $5,000$ MAR $(2)$

Buy $5,000$ MAR and Sell $5,000$ NOV $(2)$ Question $8$:

GRAIN HEDGE POSITION REPORT

CROP: CORN

DATE: May $15$

LONG POSITION

SHORT POSITION

Unpriced Grain

$\backslash$table$[[$Storage$,,,,],[$Delayed Price,,$26580,,],[,$Total Unpriced Grain,$26580]]$

Net Company Owned Stocks $,26054$

Unreceived Grain Bought & Priced

Long Futures

TOTAL LONG

Undelivered Grain Sold & Priced

Short Futures

TOTAL SHORT

TOTAL SHORT

$\frac{-4658}{\text{N}\text{E}\text{T}\text{P}\text{O}\text{S}\text{I}\text{T}\text{I}\text{O}\text{N}}$

Buy $5,000$ JUL

Buy $5,000$ DEC $(2)$

Sell $5,000$ SEP

Buy $5,000$ DEC $(2)$ and Sell $10,000$ JULQuestion $9$:

GRAIN HEDGE POSITION REPORT

CROP: CORN

DATE: May $15$

LONG POSITION

SHORT POSITION

Long Futures

TOTAL LONG

$262929$

Undelivered Grain Sold & Priced

Short Futures

TOTAL SHORT

$+6342$

NET POSITION

Buy $5,000$ JUL and Buy $10,000$ DEC $(2)$

Sell $5,000$ JUL and Sell $10,000$ DEC $(2)$

Buy $5,000$ JUL and sell $10,000$ DEC $(2)$

Sell $5,000$ DEC $(2)$ futures.

General Instructions for Questions $5-10$

Review the Grain Hedge Position Report and determine the appropriate futures transaction needed to bring the net price risk back into balance adhering to the following criteria:

Balance Net Position to within $\frac{+}{-}2500$ bushels.

Limit futures transactions to the $5,000$ bushel contract size.

Carry futures hedges in the same crop year as delivery will take place.

Place hedges utilizing any unused pre$-$spreads when available.

Question $5$:

GRAIN HEDGE POSITION REPORT

CROP: WHEAT

DATE: July $15$

LONG POSITION

SHORT POSITION

Unpriced Grain

Unreceived Grain Bought & Priced

Undelivered Grain Sold & Priced

Long Futures

Short Futures

TOTAL LONG

TOTAL SHORT

$678000$

NET POSITION

Referring to the Grain Hedge Position Report above, what futures transaction$($s$)$ do you execute to bring the net price risk back into balance in keeping with the stated criteria?

Buy $5,000$ SEP futures.

Sell $5,000$ SEP futures.

Buy $5,000$ DEC futures.

Sell $5,000$ JUL $(2)$ futures.