1. The futures market will lose 3540-3220=320 yuan per ton due to the rising of the sold futures.

2. The actual physical delivery price is subject to the futures price of 3,600 yuan/ton. Whether "the price based on the futures price 10 yuan/ton" should be "the price lower than the futures price 10 yuan/ton", so the physical transaction price is 3550 yuan/ton. After deducting futures losses, the price of soybean meal through hedging operation is equivalent to 3230 yuan.