The corn user is interested in buying low in the cash market and selling high (canceling futures...

The corn user is interested in buying low in the cash market and selling high (canceling futures position taken) in the futures market. So -$0.25/ bu B) (25 points) An intra-market futures spread for commodity X is where a long position is taken in a contract for commodity X, month A, and a short position is taken in a contract for commodity X, month B, where B and A are not the same. I) (10 points) Margin requirements on such a spread are often less than they would be if the two contracts were considered separately. Why? Prices on two intra-market futures contracts tend to move together because similar fundamentals drive prices in both contract markets. Ii) (15 points) For agricultural crops, margin requirements on an intra-market futures spread are often less when the months in question are in the same crop year than when they are in different crop years. Why?