But let me give you a serious answer.
May: You have 500 tons of soybeans in your hand, and the spot price is 4000/ ton. 50 lots of 10 futures at a cost of 4500.
In September 1, the spot fell to 3800/ ton, and in June 100/ ton, the futures price was 4 100/ ton, that is, 3800 was sold at a loss of 200. At this time, the empty order of June 10 earned 400.
Your question is why not wait until 10 to deliver the goods?
1. After you sell the spot, there are only unilateral empty orders, and the risk is completely exposed. What if you just sell the spot and the soybean futures price rises? Then you will reduce your profit or loss in the futures market.
2. Why don't you wait until 10 is delivered, and then you won't earn 500? Who told you that the spot price of soybean in June was 5438+14000 in October? Didn't it drop? In addition, there is a delivery fee for delivery.