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farmer has 20,000 bushels of wheat in storage at your elevator and wishes to set a target to price (sell) the wheat if/when you can pay a price of $9.00. Currently your price posted board price is $8.50 based on a buy basis of +10 SEP. His offer is good until filled or cancelled. What order do you enter to get the farmer the price he wants at the basis you want? Enter an open order to buy 20 contracts of SEP futures at $9.00 Enter an open order to sell 20,000 bushels of SEP wheat at $8.90. Enter an open order to sell 20,000 bushels of SEP wheat at $9.10. Enter an open order to sell 20 contracts of SEP wheat at 9.00.
Sagot :
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