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Assume you are a Farmer, who must SELL Wheat. Assume you hedge your October 2 0 2 4 harvest using October Wheat futures having a

Assume you are a Farmer, who must SELL Wheat. Assume you hedge your October 2024 harvest using October Wheat futures having a contract price of $5.50 per bushel. You hedge 200,000 bushels. (Note- assume NO wheat delivery. Answer as if cash payoff outcomes.)
a) What futures position should you take?
 b) Suppose Wheat in October ends up ONLY at $6.00 per bushell. Calculate- AND- Explain your ending net overall revenue, again assuming you "get out just before the end"/ you do not do wheat delivery .

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