Assume that you work for a cooperative service of your county extension office. Ms. Doubtwater, a soybean farmer, asks for your advice on how she could protect the revenue from her harvest while benefiting from price increases in case the market moves favorably. Illustrate the following questions:

1. The futures contracts and options available for soybeans.
2. The most suitable strategy/strategies if the expected price decreases are limited.
3. The most suitable strategy/strategies if the expected price decreases are severe.
4. There is no clear expectation regarding how low prices can go (or if they will decrease at all).