"Hedging" means that there is a speculative position limit in futures, and it also stipulates the maximum position of speculative customers. Hedging customers generally have no position restrictions. But this has little impact on ordinary small and medium-sized funds.

The following is an introduction to futures:

Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with some bulk products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

The delivery date of futures can be one week later, one month later, three months later or even one year later.

A contract or agreement to buy or sell futures is called a futures contract.