The standard deviation of monthly changes in the spot price of corn is 4 cents per bushel The standard deviation of monthly changes in the futures price of com for the closest contract is 6 cents The correlation between the futures price changes and the spot price changes is 0.7 it is now October 15. A com producer is committed to purchasing 84,508 bushels of com on November 15. The producer wants to use the December com tutores contracts to hedge its risk Each contract is for the delivery of 5,000 bushels of com. How many contracts should the com producer take a long position in (round your answer to the nearest whoknumber