A Turkish company manufactures corn oil to be sold to bio fuel producers in Turkey. Corn prices are determined in international commodity markets and they are dollar based. However, the company sells corn oil in TL to its customers. What are the financial risks for this company related with its operations? How can the managers hedge their financial risks if they engage in forward contracts? If they are engage in futures? If they are engage in options? Which derrivative instruments would provide a better hedge fort he above company and how would these provide hedge for the open position risk of the company?