You Are a Grain Exporter and Need to Acquire 160,000

You are a grain exporter and need to acquire 160,000 bushels of soybeans for export next month. Futures contracts are for 5,000 bushels and are quoted at 7.50 per bushel. If you want to hedge
Your cost risk, what should you do?

A) Buy 32 contracts at a current contract value of $240.
B) Buy 32 contracts at a current contract value of $1,200,000.
C) Sell 32 contracts at a current contract value of $1,040,000.
D) Sell 32 contracts at a current contract value of $1,200,000.
E) Buy 32 contracts at a current contract value of $1,040,000.