A hedger buys a futures contract, taking a long position in the wheat futures market.

What are the hedger's obligations under this contract?

He is promising to $$ purchase the wheat at a $($Click to select$)vv($Click to select$)vv$ price on a future date.

Describe the risk that is hedged in this transaction and someone who might enter into such an arrangement.

He is hedging against the risk that the price of wheat will ris wheat in the future might enter into such a transaction.

Someone who anticipates needing to buy