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Suppose a producer sells short one million bushels of corn April 1 at a price...

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Finance

Suppose a producer sells short one million bushels of corn April 1 at a price of 300. How is the price read? If each futures contract requires 5,000 bushels, how many contracts need to be traded? At a price of 300, how much is each contract worth? If the producer sells short 200 contracts, how much will the producers account be credited?

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