Question: 38) A miller who needs wheat to mill into flour most likely uses the futures market for taking a: A) seller's position in wheat. B)

38) A miller who needs wheat to mill into flour most likely uses the futures market for taking a:

A) seller's position in wheat.

B) speculator's position in wheat. .

C) long hedge position to lock in production costs.

D) long hedge position to lock in a sales price for flour.

E) short hedge position to lock in delivery.

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