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7. A monthly report that shows less expected corn production than last month's report and less...

7. A monthly report that shows less expected corn production than last month's report and less than the trade expected, would likely result in Dec. corn futures prices declining. True or False

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Answer #1

The given statement is FALSE because when there will be a lesser expected production of corn, it will mean that the demand is not falling but the supply of the corn is falling and it will mean that the overall prices of corn is going to rise, because of lack of supply and everything remaining constant there will be a constant demand so the overall prices of corn will be increasing.

Hence, The December corn future prices will be increasing.

The given statement is FALSE.

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