Converting futures into cash, referred to as futures cashing. Spot-for-futures refers to the transaction that future positions is converted into a spot position after the long and short parties holding the same delivery month contract reach a spot trading agreement. The way of cash conversion is: both parties who have reached an agreement apply to the Exchange at the same time. After approval by the Exchange, the Exchange will close the position on their behalf at the closing price agreed by both parties (the spot buyer must hold long positions in the futures market, and the spot seller must hold short positions in the futures market). At the same time, according to the spot trading agreement reached, both parties conduct spot trading of the same type and quantity as the subject matter of the futures contract. Transferring the goods to the existing warehouse through the non-standard warehouse receipt period is conducive to reducing the delivery cost, and the seller's goods can be transported to the delivery warehouse designated by the exchange, which can save costs for both customers. If the launch period of grain futures is converted into cash, it will be beneficial for grain management enterprises, flour processing enterprises and food enterprises to receive the spot smoothly and save the expenses of loading, unloading, sorting and packaging.

Tips: The above contents are for reference only, not as any suggestions. Investment is risky, so be cautious when entering the market.

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