What is the March Soybeans futures price for March

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Problem - The spot price of soybeans is $13.71 per bushel on March 1, 2021. You are considering March 2022 Soybean futures contracts. Storage of soybeans costs 5% of the value of the soybeans on an annualized basis, and one-year LIBOR is 1.92%. The current convenience yield for March 2022 futures is zero. What is the March 2022 Soybeans futures price for March 1, 2022 delivery?

Reference no: EM132860397

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