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It is now June. A company knows that it will sell 5,000 barrels of crude oil in September. It uses the October CME Group futures

It is now June. A company knows that it will sell 5,000 barrels of crude oil in September. It uses the October CME Group futures contract to hedge the price it will receive. Each contract is on 1,000 barrels of \light sweet crude." What position should it take? What price risks is it still exposed to after taking the position?

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