Business, 28.04.2021 16:50 jordan2875
Archer Daniel Midland plans to purchase 40,000 bushels of soybeans in July. In January, when the spot price of soybeans was $9.32 /bushel, ADM hedged the entire planned purchase with September futures contracts 5000bu/c at 934. ADM lifts the hedge in July. The spot price of Soybeans is now $7.42 /bushel and the basis on September futures is now - $0.01. ADM's profit (loss) on its futures position is
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Archer Daniel Midland plans to purchase 40,000 bushels of soybeans in July. In January, when the spo...
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