(Solution) - You re a commodity trader and you ve just heard a report -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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You're a commodity trader and you've just heard a report that the winter wheat harvest will be 2.09 billion bushels, a 44 percent jump, rather than an expected 35 percent jump to 1.96 billion bushels. (Difficult)
a. What would you expect would happen to wheat prices?
b. Demonstrate graphically the effect you suggested in a.