Table 61 -Refer to the Table 6

Table 6.1
$\begin{array}{lccc}\begin{array}{c}\text { Expiration } \\\text { Time }\end{array} & \begin{array}{c}\text { Wheat } \\\text { Cents/Bushel }\end{array} & \begin{array}{c}\text { Corn } \\\text { Cents/Bushel }\end{array} & \begin{array}{c}\text { Soybeans } \\\text { Cents/Bushel }\end{array} \\\hline \text { Today }=\text { spot } & 540 & 610 & 1320 \\6 \text { months } & 560 & 600 & 1350 \\12 \text { months } & 590 & 587 & 1480 \\18 \text { months } & 625 & 580 & 1370 \\24 \text { months } & 655 & 570 & 1265\end{array}$
-Refer to the table 6.1.Which of the following terms most accurately describes the forward curve for soybeans over the next two years?

A) Contango
B) Backwardation
C) Contango and backwardation
D) None of the above

Correct Answer:

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