32. Assume that in March 2018 you hedged 10% of your expected 2018 canola production for delivery in October 2018 using a put option. On the same date, you also hedge another 10% of your expected 2018 canola production for delivery in October 2018 using a short futures contract (or you could also have used a DDC). Which hedge will provide a higher price to you when you deliver and sell your canola in October 2018 if the futures price increase was 20% higher at the time you sold your canola? (Assume the 20% futures price increase was greater than the value of the option premium you paid or any commission costs you had to pay for the option or futures contracts and that the basis in October 2018 was the same as you anticipated in March 2018.) a) The 10% hedged with the put option. b) The 10% hedged with the short futures contract (or the DDC). c) Unable to determine from the information provided