sell the frozen orange juice concentrate (FOJC) contract to close. buy the frozen orange juice concentrate (FOJC) contract to close. Question 6 2.5 pts If you are long in the spot market and you devise a futures contract position that will hedge that position, this is referred to as a short hedge long hedge short arbitrage long arbitrage Landscaping Hedge 2.5 pts Question 7 If you are attempting to profit without risk from the pricing differences in the spot market and the implied future prices suggested by futures contracts, you are speculating hedging