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Basic Question 3 of 5
In June a farmer expects to harvest at least 10,000 bushels of soybeans during September. In order to protect himself against the possibility of falling soybean prices in September, the farmer should act as a(n) ______.
B. speculator
C. arbitrageur
A. hedger
B. speculator
C. arbitrageur
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe types of participants in commodity futures markets;
CFA® 2025 Level II Curriculum, Volume 5, Module 33.