Commodity $(1$ pt$)$

Location of cash price $($city$,$ name of business$)(1$ pt$)$

Cash month $(1$ pt$)$

Exchange & Futures contract month $(2$ pts$)$

Approx number of acres of farm growing commodity

$6.$ Bushels per acre $(1$ pt$)$

$7.$ Total Bushels produced $(5$ times $6)(2$ pts$)$

$7.$ Exact # of contracts required in order to hedge $100\%$ of your production: $(2$ pts$)$

$8.$ Rounded # of contracts$-$ round down to the nearest whole number $(2$ pts$)$

$9.$ Inventory hedged $($question $7*5000)(1$ pt$)$

Part $1$: Out of $15$ pts