Emily sees many news stories on social media about new sales of US wheat to other countries caused by the war in Ukraine

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Emily Sees Many News Stories On Social Media About New Sales Of Us Wheat To Other Countries Caused By The War In Ukraine 1 (73.5 KiB) Viewed 16 times

Emily sees many news stories on social media about new sales of US wheat to other countries caused by the war in Ukraine that began in February. She predicts wheat futures prices will increase based on this news. If the wheat market is efficient, is her prediction likely to be correct? Yes, because higher exports represent increased demand which raises prices Yes, because past events and price changes are informative about future price changes in an efficient market O No, because the market has likely already incorporated this information into the price O No, because higher exports are typically associated with lower prices Question 4 2.5 pts A commodity futures price risk premium is described as the difference between the expected price at the expiration of the futures contract and the current futures price. The risk premium is hard to measure because: Futures prices are constantly changing We don't know the expiration date for the futures contract The expected price at expiration is unobservable O All of the above