On March 1 the price of a commodity is $2,000 and the December futures price is $2,020. On November 1 (before maturity) the spot price is $1,980 and the December futures price is $1,990. A producer of the commodity entered into shorting a December futures contract on March 1 to hedge the sale of the commodity on November 1. It closed out its position on November 1. What is the effective price (after taking account of hedging) received by the company for the commodity? A. $1,984 B. $1,994 C. $2,000 D. $2,010