The OP is small potatoes. I'm not sure they should start hedging as they should familiarize themselves with the commodity markets. commodityonline.com resourceinvestor.com bloomberg.com/markets/commodities/cfutures.html
Why don't you just hire a trader to hedge your position for you? I assume you are just trying to protect yourself from loss. You could offer salary plus any profit the trader makes above the protection. Hedging should be done as an insurance to your long position. You will also need to determine how much insurance you want for example let's say you want 100% insurance against loss, that means you will have to pay for downside protection per month. However, the cost of 100% may be too high per month. Instead you could pay for insurance against extreme movements that while not offering 100% protection will allow you to reduce loss from the profits of extreme volatility.