Economist Paul Heyne Looked in the Newspaper and Found That

Economist Paul Heyne looked in the newspaper and found that in December of 1991 the price of wheat was $4.05 a bushel. The futures price for March 1992 was $3.87, the May price $3.64, the July price $3.33, September's price was $3.31, and the futures price for the following December was $3.51. What is the implication of these price trends?

A) Buying wheat futures was a pretty bad deal.
B) Speculators were forecasting increased scarcity of wheat.
C) Speculators were not forecasting increased scarcity of wheat.
D) Selling wheat futures was a pretty bad deal.