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Suppose you are a wheat producer such as a farmer in Nebraska. What is your spot or cash market position? What is an appropriate futures

Suppose you are a wheat producer such as a farmer in Nebraska. What is your spot or cash market position? What is an appropriate futures contract position to offset the cash market risk? Also, note which option on a futures contract would provide a similar offset. Explain briefly but completely how this futures contract on wheat differs from a forward contract on wheat.

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