The Yummy Chocolate Company (YCC) wishes to hedge its cocoa exposure for the next 90 days using futures. The cash price of cocoa today is $2,546 per metric ton. The 90-day futures price for cocoa today is $2,625 per metric ton. At expiration of the futures contract in 90 days, the cash price of cocoa is $2,590 per metric ton. How will YCC hedge its exposure? Show YCCs final cocoa cost after a) cash purchase of cocoa; b) settling of futures position.