Monsanto begins harvesting 55,000 bushels of soybeans in Sep 2020 for delivery in January 2021 to Silk Milk Company. If Monsanto hopes to lock in a $11.4575 per bushel for that sale and delivery of soybeans, the hedge is_______

• 1Soybeanfutures contract is for 5,000 bushels

Group of answer choices

Buy 22 Jan Soybean futures @ 11.4575 locking in $1,260,325 to be received in Jan

Sell 11 Sep Soybean futures @ $11.4575 locking in $630,162.50 to be received in Jan

Sell 11 Jan Soybean futures @ $11.4575 locking in $630,162.50 to be received in Jan

Buy 11 Sep Soybean futures @ 11.4575 locking in $1,260,325 to be received in Jan