Question 31 (4 points) Emma is a soybean farmer and planning for harvest. She is really pleased with the current Decembe

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Question 31 4 Points Emma Is A Soybean Farmer And Planning For Harvest She Is Really Pleased With The Current Decembe 1 (40.07 KiB) Viewed 29 times

Question 31 (4 points) Emma is a soybean farmer and planning for harvest. She is really pleased with the current December futures price of $15.50/bu so she enters in 2 contracts. The expected basis in her area for November is -$0.80/bu. When she goes to exit the futures market, she realizes the futures price rose to $20.50/bu and the cash price to $19.70/bu. What is Emma's net price received? Type in $ format like $6.00 D