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Author Question: CME Corn Futures - Quotes MonthLastChangePrior ... (Read 117 times)

vicotolentino

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on: Apr 25, 2021
CME Corn Futures - Quotes
MonthLastChangePrior SettleOpenHighLowVolume
Dec 639'0+0'4638'4638'0644'6636'017,091
Mar648'0+0'2647'6647'4654'0645'211,192
May655'0+0'4654'4654'4661'0652'42,535
July657'0 a+0'6656'2656'2663'4655'01,926
Sep601'4 a-1'6603'2603'0607'2601'0 a200
The table above shows information on CME corn futures contracts. Prices are in cents per bushel with a minimum tick size of 1/4 cent per bushel. Thus, a price of quote of 601'4 is equivalent to $6.015 per bushel. There are 5,000 bushels per contract. Mr. Greenjeans grows corn on 2,000 acres near Sioux City, Iowa. He expects to harvest 165 bushels per acre or 330,000 bushels in total. Mr. Greenjeans hopes to sell his corn for $6.015 per bushel when he harvests it in September, and he wants to use September corn futures contracts to limit his price exposure.

In what direction should he trade the futures contract, and is he hedging or speculating?
◦ Long, Hedge
◦ Short, Hedge
◦ Long, Speculating
◦ Short, Speculating
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Marked as best answer by vicotolentino on Apr 25, 2021

tmlewis4706

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vicotolentino

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

31809pancho

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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