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The fоllоwing аre hypоtheticаl soybeаn prices as of 11/15/2024Jan 2025 = $10.55 /bu.Jul 2025 = $10.93 /bu. Note that the Jan 2025 - Jul 2025 spread is -0.38 (Jan < Jul). Briefly describe the spread you would place on 11/15/2024 if you believe the spreads are going to narrow over time. In doing this describe the position you would take in the Jan 2025 contract, the position you would take in the Jul 2025 contract, and whether the spread is a bull spread or bear spread. Partial credit will be given if appropriate.