A soy bean farmer sells soy bean futures to try to hedge some of their exposure to changing soy bean prices. Unfortunately the soybeans that are deliverable into the contract are not the same as the farmer grows, and the cheapest to deliver beans go up in price, while the farmer's beans remain unchanged. This is an example of ... O Normal Contango O Basis Risk. O Backwardation O Contango A rice farmer sells rice futures to hedge their exposure to changing sale prices in the rice market. They would be considered... O Short the hedge and short the basis. O Short the hedge and long the basis. O Long the hedge and short the basis. O Long the hedge and long the basis.