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1. When the US sends war ships towards the Strait of Hormuz in an effort...

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Question

Accounting

1. When the US sends war ships towards the Strait of Hormuz in an effort to keep world oil
flowing from the Persian Gulf toward export markets this would be a fundamental factor
under the heading of:
a) exchange rate
b) invasion
c) ending stocks
d) weather
2. New crop corn futures follow which futures month:
a) Dec
b) Mar
c) May
d) July
3. The cash price a producer in Ontario receives for his corn is made up of two portions. What
are the two portions?
a) futures and basis
b) cash and futures
c) deferred futures (such as Dec 21) and local basis
d) the local elevator basis cash price plus or minus the local basis
4. The USDA report that came out Feb 2024 contains information dealing with:
a) technical analysis
b) fundamental analysis
5. Cattle and hogs would be considered part of which complex?
a) grain
b) oilseed
c) red meat
6. A farmer is looking to lock in basis on a basis contract. Corn Futures in Mar are 4.50 and the basis is 0.70 over. What would the elevator pay him today?
5.20 a bushel
3.80 a bushel
3.12 a bushel
2.70 a bushel

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