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These hypothetical prices are for Frozen Concentrated Orange Juice (FCOJ) traded on the ICE Exchange.  Assume the prices were valid as of 11/18/25.  FCOJ is a storable commodity. Jan 2026         100.05  Mar 2026          95.18 May 2026          92.67 July 2026           90.13  Question – Given the above series of prices for FCOJ, one can say that these futures prices are exhibiting:

Consider the following RV32I program: # starting address is 0x0003_0000 LUI a1, %hi(DATA) ADDI a1, a1, %lo(DATA)LOOP: LB a2, 0(a1) BEQ a2, zero, DONENEXT: ADD a1, a1, 3 J LOOPDONE: HALTDATA: .string “WHALE” .word 0, 0, 0 Trace the execution of the program above to understand it and then answer the following questions this program’s execution: A.) How many times does the instruction labeled LOOP execute? [loop]B.) How many times does the instruction labeled NEXT execute? [next]

On 11/15/2025,  if the cash price for corn in Benton County, IA is $4.75/bu, and the Mar 2026 futures is $5.03/bu, the basis is -0.28/bu.  This reflects the market determined price or cost of storage for corn in Benton County, IA.  This basis will likely tend to strengthen (approach zero) as March 2026 approaches. 

Over the past 3 years, the average April 1st feeder cattle basis in Dodge City, KS has been +10 cents/lb.  Currently, Apr 2026 feeder cattle futures are trading at 235.00 cents/lb.  Therefore, the target price for April 1, 2026 is: 

Answer the following questions by decoding the following RV32I instruction: 0x00A6AC23 A. Classify the instruction. [opcode]B. What, if any, is the location of the instruction’s source 1 operand? [src1]C. What, if any, is the location of the instruction’s source 2 operand? [src2]D. What, if any, is the location of the instruction’s destination operand? [dst]

Suppose on 11/15/2025 the Feb 2026 live cattle basis in Omaha, Nebraska is + 0.85 cents/lb.  This means that:

Over the past 3 years, the average April 1st feeder cattle basis in Dodge City, KS has been +10 cents/lb.  Currently, Apr 2026 feeder cattle futures are trading at 235.00 cents/lb.  Therefore, the target price for April 1, 2026 is: 

Answer the following questions by decoding the following RV32I instruction: 0x00A6AC23 A. Classify the instruction. [opcode]B. What, if any, is the location of the instruction’s source 1 operand? [src1]C. What, if any, is the location of the instruction’s source 2 operand? [src2]D. What, if any, is the location of the instruction’s destination operand? [dst]

Suppose on 11/15/25 the Mar 2026 soybean basis in Champaign, IL , is -0.45 cents/bu.  This means that:

The following are soybean prices as of 11/17/2025Jan 2026 = $11.54 /bu.Jul 2026 =  $11.72 /bu. Note that the Jan 2026 – Jul 2026 spread is -0.18 (Jan < Jul).  Briefly describe the spread you would place on 11/17/2025 if you believe the spreads are going to narrow over time.  In doing this describe the position you would take in the Jan 2026 contract, the position you would take in the Jul 2026 contract, and whether the spread is a bull spread or bear spread. Partial credit will be given if appropriate.