Back To School Quiz #4
7 Questions
| Total Attempts: 1918
(53).jpg "Back To School Quiz #4")
Welcome to Quiz #4! Ed’s challenging and authentic quiz questions are designed to test your grain marketing knowledge, and will help you learn while having fun! Ed Usset is the author of “Grain Marketing is Simple, It’s Just Not Easy,” and is a grain marketing specialist at the University of Minnesota.
Questions and Answers
- 1.Let’s assume that you have been aggressively selling futures to price a crop, but you are still less than 100% sold. Today the market trades higher and you get a margin call; has your overall net worth increased or decreased?
- A.
Increased
- B.
Decreased
- C.
No change
- 2.The rapid growth of grain production in South America has been a big story for several decades. Who produced more soybeans in 2009, the United States, Brazil or Argentina?
- A.
United States
- B.
Brazil
- C.
Argentina
- 3.What is the highest closing price level ever attained by a November (i.e., new crop) soybean futures contract?
- A.
A. $17.24
- B.
A. $17.01¼
- C.
A. $16.73
- D.
D. $16.35½
- 4.Since 1980, what has been the largest carryout of U.S. corn at the end of a crop year, in terms of a stocks/use ratio?
- A.
97%
- B.
65%
- C.
42%
- D.
29%
- 5.What do you call an options trading strategy involving the simultaneous purchase of an at-the-money call and sale of an out-of-the-money call?
- A.
A. Short straddle
- B.
B. Bull call spread
- C.
C. Long strangle
- D.
D. Call ratio backspread
- 6.The United States exports about 2 billion bushel of corn each year. Which country or trading bloc is the largest buyer of U.S. corn?
- A.
A. China
- B.
B. European Union
- C.
Mexico
- D.
Japan
- 7.What is the lowest closing price level attained by a December corn futures contract since 1980?
- A.
A. $1.89½
- B.
B. $1.81
- C.
C. $1.63¾
- D.
D. $1.51¼
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