1. Short futures hedging: If a company wants to sell its assets at some time in the future, it can hedge its risks by holding short positions in the futures contracts of the assets. If the asset price drops on the maturity date, the spot sale of assets will lose money, but the short position of futures will gain money. If the asset price rises on the maturity date, the spot sale will make a profit (relative to the contract signing date)

2. Long hedging: If you want to buy an asset at some time in the future, you can use the long position holding the asset futures contract to hedge the risk.