Corn Is Currently Selling for $6

question 65

Multiple Choice

Corn is currently selling for $6.15 a bushel while the 3-month futures price is $6.20.Carlos believes that corn will actually sell for $6.45 a bushel 3 months from now.Which one of the following positions in corn should he take today,given this belief?

• A)sell in the spot market
• B)sell in the futures market
• C)take a long position in the futures market
• D)take a short position in the futures market
• E)take a short position in the spot market

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