Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

farmer has 20,000 bushels of wheat in storage at your elevator and wishes to set a target to price (sell) the wheat if/when you can pay a price of $9.00. Currently your price posted board price is $8.50 based on a buy basis of +10 SEP. His offer is good until filled or cancelled. What order do you enter to get the farmer the price he wants at the basis you want? Enter an open order to buy 20 contracts of SEP futures at $9.00 Enter an open order to sell 20,000 bushels of SEP wheat at $8.90. Enter an open order to sell 20,000 bushels of SEP wheat at $9.10. Enter an open order to sell 20 contracts of SEP wheat at 9.00.