Challenging general knowledge

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Challenging general knowledge

Exhibit 3, column labeled 'Last', contains futures price quotes for wheat commodity from the CBOE exchange for dates as of fall 2019 going out to December 2021. An investor or hedger wishing to long (short) will adjust the price in the column labeled 'Last' by +4/8 (-4/8). The row labeled 'Cash' is the additional amount paid for taking physical delivery upon futures expiration.

Reference no: EM133001254

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