4 pts Question 28 A farmer is interested in selling 5000 bushels of wheat on May 2020. He has a target price of 5395/bushel and wants to hedge against downward price movements. There are no wheat futures contracts with maturity in May, but there are wheat futures with maturity in December. The size of one wheat futures contract with maturity in December is 1000 bushels. What should be the farmer's strategy to hedge against downward price movements? Short 5 December futures for wheat today, offset position on May 2020, sell wheaton the spot market on May 2020 Long 5 December futures for wheat today, offset position on May 2020, sell wheat on the spot market on May 2020 Short 1 December futures for wheat today.offset position on May 2020. sell wheaton the spot market on May 2020 Long 1 December futures for wheat today, offset position on May 2020, sell wheat on the spot market on May 2020 None of the answers are correct