Question 3 (2 points) A farmer signed a basis contract on 6/01 for wheat she will sell in the Fall of 2022. At the time

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Question 3 2 Points A Farmer Signed A Basis Contract On 6 01 For Wheat She Will Sell In The Fall Of 2022 At The Time 1 (59.58 KiB) Viewed 35 times

Question 3 (2 points) A farmer signed a basis contract on 6/01 for wheat she will sell in the Fall of 2022. At the time she signed the contract, the basis being offered for September is - $0.40, the cash price was $7.60, and the futures price for fall was $8.00. Come September, the farmer delivers the wheat. On that day, basis is -$0.50, cash price is $6.85, and futures price is $7.35. What price will the farmer receive for their wheat? $6.85 $7.60 $6.95 $7.50