单选题 Which of the following activities in the futures market describes a short hedge? A. Intercon Bakery has a contract with several hotel chains to supply a variety of bread products at a set contract price. To protect against their cost of wheat increasing they periodically purchase wheat futures. B. A trader who purchases commodity futures but closes out his position prior to the end of the trading day. C. A farmer with corn acreage who short sells corn futures.

【正确答案】 C

【答案解析】A trader that sells a commodity future, on a commodity that trader owns long, is engaging in a short hedge. An example would be a firm that owns the asset but wants to reduce their risk by selling the asset now at the current price. It is a hedge because if the underlying commodity's market value declines, the short position value will increase.