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Business, 13.12.2019 22:31 smokey13

Kellogg’s uses large quantities of corn in its breakfast cereal operations. suppose the near-term weather forecast for the corn-producing states is droughtlike conditions, so corn prices are expected to rise. to hedge its costs, kellogg’s decides to use the chicago board of trade corn futures contracts. should the company be a short hedger or a long hedger in corn futures?

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