Question: Which one is the correct answer? Suppose that wheat has negligible storage costs. If so, then the Modern Portfolio 1+ 1+k price will rise over
Which one is the correct answer? 
Suppose that wheat has negligible storage costs. If so, then the Modern Portfolio 1+ 1+k price will rise over time. This is consistent with and the traditional theory that the natural hedgers in the wheat market are (a) Contango, farmers (b) Contango, millers (c) Backwardation, farmers (d) Backwardation, millers
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