1. A Canadian firm has just signed a deal to sell 2,200,000 board feet of random length lumber to a U.S. based furniture producer on September 25, 2021 at the prevailing USS spot price of lumber on the date of the exchange. The current spot price of lumber is $999.50 per 1000 board feet and the current CADUSD exchange rate is $0.80 per Canadian dollar. Determine the number, direction, and the settlement dates of the futures positions the firm should take to optimally hedge the lumber price and exchange rate risks. (The hyperlinks take you to the contract specifications for each contract quoted on the CME) 1. A Canadian firm has just signed a deal to sell 2,200,000 board feet of random length lumber to a U.S. based furniture producer on September 25, 2021 at the prevailing USS spot price of lumber on the date of the exchange. The current spot price of lumber is $999.50 per 1000 board feet and the current CADUSD exchange rate is $0.80 per Canadian dollar. Determine the number, direction, and the settlement dates of the futures positions the firm should take to optimally hedge the lumber price and exchange rate risks. (The hyperlinks take you to the contract specifications for each contract quoted on the CME)