Futures price is the expectation of future spot price, so the consistency is obvious. Due delivery makes the spot and futures prices converge to be equal when the delivery date approaches. In other words, as the delivery date approaches, the spot price and futures price of wheat will tend to be equal. Therefore, the system ensures their consistency.

Hedging is not difficult, professionals are not difficult, and novices are better off not trying. After all, the futures market is too risky for beginners to play. If the spot enterprise where the landlord is located wants to do it, it is necessary to find professionals to do it.

The risk of hedging depends on the level of operators, industry information sources, analytical ability and futures professional ability. Generally, large companies have an investment advisory team of the whole futures company to hedge, and the risk control ability is very important.

I can't answer this question. I am not in Shandong, hehe. However, learning by yourself is not very reliable. After all, it is a major, and it is useless to read textbooks. The actual combat market is far from the textbook. It is suggested that the landlord find a professional to bring it, or directly find a futures company to do it.

I hope it will help the landlord.