Corn oil enterprises make profits by squeezing corn to make oil.

The first and most important raw material, corn, is profitable under the current low price of corn, but there is no warehouse to store so many raw materials, so we buy forward corn contracts in the futures market to avoid risks through the market.

Second, for selling oil, I feel that the oil price is too high now, and I am afraid that the oil will fall in the future, so I will sell similar contracts for soybean oil or palm oil in the futures market because it can be replaced. The price fluctuation is similar.

That's probably it. I just know you. It will be complicated if you want to do it. You need the futures company to provide you with a plan and how much corn you need for processing. How many contracts to buy in the futures market. etc.