If it is August, the spot market is 2500 tons of soybean meal, and the futures market is 2500 tons, which is relatively low. You predict that enterprises will need 1 1,000 tons of soybean meal as feed production raw materials in 2065, 438+09, 1 1,000 months, but they are worried that the price of soybean meal will rise in the future, which is higher than the current purchase cost. At this time, we can have two choices: scheme one. Scheme 2: Open an enterprise futures account, that is, an institutional account, and then buy more than 190 1 soybean meal 1000 tons in the futures market.
Scheme 1: If you buy 1000 tons of soybean meal now, you need to pay 2500* 1000=2500000 immediately, you need a corresponding warehouse to store this 1000 tons of soybean meal, and you have to worry about the storage problem of this1000 tons of soybean meal in the next five months. Most importantly, enterprises need cash flow. If you pay 2.5 million yuan to buy soybean meal at one time, and pay storage and storage fees for it, it is likely to greatly affect the capital operation of your enterprise.
Scheme 2: You now buy 1 more than 000 tons 190 1 contract soybean meal in the futures market, and1hand soybean meal is 10 tons, that is, you only need to buy 100 hands. To this end, now you only need to pay a certain percentage of the margin, according to the exchange soybean meal futures margin ratio is 7%. Then you don't have to pay the storage fee. After the expiration, you can go to the warehouse designated by the exchange for delivery.
If the price of soybean meal rises after the expiration, you will buy soybean meal at the current low price of 2500 tons;
If the price of soybean meal does not go up or down, you have successfully locked in the current spot price of 2500 tons of soybean meal.