what type of option contracts will he buy in order to hedge himself? 100 words kindly prove your answers with supporting references

produces soybean oil from his farm and seril them in steel cans

that he buys from suppliers. The farmer wants to protect himself

from unfavorable price changes in the market for soybean and steel. What price

changes will negatively affect him and what type of option

contracts will he buy in order to hedge himself? 100 words

kindly prove your answers with supporting references