It's165438+1October 30th, and the flour mill will buy 5000 tons of wheat in the future. Futures price 1 105, contract 2300 yuan/ton, contract110, contract 265438 yuan/ton. 1 designed a hedging strategy for the factory. How much is the radix 2? 3. Analyze the influence of basis change on hedging effect.

1, to buy 500 lots of strong wheat 1 105 contract, a deposit of 500 *10 * 2300 *10% =1kloc-0/50000 is required.

2. Basis = spot price-recent futures price 2 100-2 150=-50.

3, the basis is stronger, the hedging effect is better, and there are additional benefits.