28. If you have 10,000 bushels of corn in bins, you are considered; a. Short in

Question

28. If you have 10,000 bushels of corn in bins, you are considered; a. Short in the Cash Market. b. Long in the Cash Market. c. Short in the Futures Market. d. Long in the Futures Market. 29. The local cash basis for agricultural commodities is defined as: a. Local cash price plus the futures market price. b. Local cash price minus futures market price. c. Futures market price minus local cash price. d. Futures market price divided by the local cash price. 30. Let us assume that yesterday the Sioux Falls cash basis for live cattle were +$2.00/CWT. Further assume that today's Sioux Falls cash bases for live cattle are -$0.50. We can conclude that Sioux Falls cash basis for live cattle has a. Widened Narrow c. not enouglh information to draw a conclusion

Explanation / Answer

28- Long in the future market- as he stores the bushels of corn in the bin for selling in the future.

29- Future market price - local cash price.

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.