Direction choice: First of all, customers want to avoid the risks brought by falling prices, so they should sell and preserve their value.

Contract selection: Although theoretically the contract with the closest time should be selected for hedging, the domestic situation is that the main contract is only 1, 5, 9 months. In this case, it is 14+ 1 1, and it is best to choose 150 1 for hedging.

Contract quantity: soybean contract 10 ton, and customer output is 5000 tons. Complete hedging needs to sell 500 contracts A65,438+05,065,438+0 (according to the analysis of soybean and soybean futures trends in recent years, the correlation performance basically reaches 0.99). The multi-target price method is adopted to avoid the risk brought by one-time intervention in the futures market and set multiple target prices step by step. According to the futures company's 8% margin (presumably), it will cost about 4400 * 500 *10 * 8% =1760000 (if the grower can provide relevant information, he can open a complete insurance account to reduce the margin ratio, and if the customer has insufficient funds, he can also choose an appropriate hedging ratio for hedging).

Effect of the scheme: 1. Complete hedging: suppose that the spot price of 1 1 at the harvest period rises to 4,500 yuan/ton, and the futures price should rise by about 200 yuan accordingly, so as to break even, thus achieving the purpose of hedging; If the spot price drops to 4,000 yuan/ton, the futures price will correspondingly drop by about 500 yuan, and it will also break even and achieve the purpose of hedging. During the hedging period, the basis is strong, which is beneficial to the seller and weak, which is unfavorable to the customer.

2. Hedging in proportion: This is more flexible. You can close the position to protect the profit position when the basis is strong, and then open the position when the basis is weak. Specific points can refer to various important pressure levels and support levels.

After knocking for a long time, I can only talk about it. You can also inquire about all kinds of hedging cases in detail online, hoping to help you.