Santiago grows cotton, which he sells on the market. He estimates his crop this year at 200,000 pounds. Futures contracts on cotton are priced at 60.54 cents per pound with a contract size of 50,000 pounds. Santiago wants to hedge against price risk. Santiago should _4 contracts at a total contract value of: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Buy; $12, 108. b Sell; $12,108. Buy; $121,080. d Sell; $121,080. e Sell; $30,270