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ADM plans to buy 104,422 bushels of soybeans in August. The spot price of soybeans is currently $9.53 / bushel. Soybean futures are defined as

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ADM plans to buy 104,422 bushels of soybeans in August. The spot price of soybeans is currently $9.53 / bushel. Soybean futures are defined as 5,000bu, \$0.01/bu. September soybeans are quoted at 974 . How many future contracts will it take to fully hedge this position? (whole number), (+) long, (-) short

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