Question: 3 Hedging Using utures Suppose a farmer is expecting that her crop of oranges will be ready for harvest and sale as 150,000 pounds

3 Hedging Using utures Suppose a farmer is expecting that her crop

3 Hedging Using utures Suppose a farmer is expecting that her crop of oranges will be ready for harvest and sale as 150,000 pounds of orange juice in 3 months time. Suppose each orange juice futures contract is for 15,000 pounds of orange juice, and the current futures price is FO=118.65 cents-per-pound.

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