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Adrian owns a farming operation with over 2,000 acres of corn. The crop this year...

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Adrian owns a farming operation with over 2,000 acres of corn. The crop this year looks wonderful and will be ready for harvesting in the next few months. Adrian is happy with the current market price and feels that the prices will decline in the future. Which one of the following positions should Adrian take to hedge his corn crop? take a short futures position. buy in the spot market today. take a long futures position. sell in the spot market today. sell in the spot today and take a short position in the futures market

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