As for whether to send or not, it depends on the specific situation. The quantity of100t is not too much, but it also needs to pay the transportation/storage fee. Results The net profit was not100× (2050-2010) = 4000.
Of course, there is another case in the above case: the soybean price continued to rise in September, assuming that the futures contract price in September was 2080, higher than 2050 tons. Thus, the loss in the futures market (2080-2050) *10 */kloc-0 = 3000, and if the basis remains unchanged (2050-2065438+), the profit of spot trading is (2040-2010) *. The two markets break even, and the farm still guarantees profits.
I won't go into details about the change of basis. To put it simply, the basis is generally changing, but the overall range is not large, and the result of hedging is generally roughly offset in the current period rather than completely offset.