could you please explain if it is buying or selling 20 contracts at a total value of $51737.50, i do not understand if it would be buying or selling:

You are the purchasing agent for a cereal company. You anticipate that your firm will need 100,000 bushels of wheat in August. The futures contracts on wheat is based on 5,000 bushels and are currently quoted at 1034.75 cents. You can hedge your price risk by ______ a total of _____ contracts at a current value of _____ per contract