Which of the following is not a problem with hedging in the futures market? The exact time of when the commodity is needed might not match any contracts' expiration date The exact commodity to be hedge might not be traded and close substitutes might sometimes diverge in prices All of these are problems It is hard to hedge exactly the right amount since the actual amount. needed won't be known until the time comes Hedging could lead to embarrassment if the commodity price runs favorably but profits aren't enhanced