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On July 10 a farmer observes that the spot price of corn is $2.735 per bushel

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1. On July 10 a farmer observes that the spot price of corn is $2.735 per bushel and the… 1 answer below » 1.        On July 10 a farmer observes that the spot price of corn is $2.735 per bushel and the September futures price is $2.76. The farmer would like a prediction of the spot price in September but believes the market is dominated by hedgers holding long positions in corn. Explain how the farmer would use this information in a forecast  of the future price of  corn. Dec 29 2015 04:42 PM


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