As a wheat buyer, you are concerned that wheat prices may move below their current level of $$45/$bushel when you need it$,$ six months from today. Therefore, you enter into the appropriate futures contract at the current spot price. What is your position and your profit rf loss, if six months later, wheat is selling at the spot market for $$52/$bushel$?$

long$ $52$

Oshort$$7$

short$ $45$

long $$7$

long $$45$