The futures market (f) for commodity A is trading $5.00 for delivery in time t+2 (Af,2). The market for A in location y in time t+2 (Ay,2) is trading at Af,2 - $.50. With the cost of moving the commodity, including normal profit, from market z to market y being $.25, what is the basis for Az,2 for trade to take place between market z and y for delivery in t+2? (i.e., commodity flow from z to y) another one Assume you put the trade on in A month later, when our contract becomes deliverable in t+1, the basis for location r is trading Af,1 - $.10, location y is Af,1 - $.80, and basis for location z is Af,1 - $.70. The cost of moving A from location y to r is $.60. Futures price for A is still $5.00. What trade, or trades, would you put on to improve your profit?