19****942025-05-12 23:23:19
19****94题干中说，Despite the large harvest, coffee futures trading activity is balanced between producers and consumers. This balanced condition is not expected to change over the next year.”也就是意味着多空双方力量相等，因此现货和期货的价格应该是一样的。所以表中如果给的是flat curve，那么hedging pressure hypothesis就是对的。这题是不是有点前后矛盾，又是叙述balance,又是数据contango
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