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The price of a contract in Chicago is $5.50. The price offered by your flour mill is $5.70. Your production is 5,500 bushels. You are

The price of a contract in Chicago is $5.50. The price offered by your flour mill is $5.70. Your production is 5,500 bushels. You are ready to harvest and sell your wheat. Please explain exactly what you should do?Assuming a commission of 1 cent per bushel calculate how your hedge worked out?Please explain the result and show your work.

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