For example. Now after you sell the futures at a price of 50 cents a catty, the contract will stipulate the time at the same time. For example, delivery in three months, then the total amount should be 2500 yuan. Traditionally, the other party will pay 500 yuan first (20%). After 3 months, the contract expires, and the other party pays the remaining 2000 yuan to transport all the lettuce. If the market price is less than 50 cents a catty at this time, it is equivalent to your profit. If the market price is higher than 50 cents a catty at this time, it is equivalent to your loss. In this case, the spot price has no effect on the delivery, and the delivery is just a contract.

In the United States, futures contracts can be delivered at any time before the agreed time, so if the price is favorable to the buyer in the process of fluctuation, for example, the price rises by more than 50 cents a catty, then the buyer may perform contract delivery, and at this time, the seller is equivalent to you. In this case, the spot price will affect the delivery.

Generally speaking, futures trading can transfer risks to the market, and the risks are borne by investors, which is beneficial to farmers. Unfortunately, we do not have such a mechanism.