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What are short selling and short hedging by futures speculators?
Futures are the physical objects delivered by both parties in the future.

Speculation is the act of making profits by using the price difference.

Short selling refers to the behavior of gaining income by expecting the price to fall.

Short selling refers to the behavior of gaining income in anticipation of price increase. Short selling and short selling are opposites.

Hedging settlement refers to the reverse liquidation of the same amount in the same market.