4. The market price fell as scheduled, and the price reached 2300. In real life, if you buy a corn 05 contract to hedge, most people will close their positions before it expires. That is to say, most people buy and sell goods (standard contracts) in this market, but in fact, they have no real goods (corn) from beginning to end? Let's short the corn 05 contract.

The answer upstairs is not clear enough. People with poor language can't understand. Because it is futures delivery, corn has many months of contracts, such as corn 05 contract. Futures are delivered in the future. You didn't smell the corn from beginning to end. You haven't even seen the shadow of the goods. If you buy and sell now, you can have no goods (corn) in your hand. How to short next month? You just need to open a position and sell this contract. The price is up to you, as long as the day is within the allowable range. For example, if you sell a contract for corn 05 at a price of 2500, you won't have corn in your hand when you are short, which means that the contract won't be delivered until May next year. Excluding the handling fee, it is your trading profit. As long as you have the goods then.

In this way, you sell one and buy another, and there is no contract (short position) in your hand. But you earn 2500-2300=200 yuan/hand. Because it is ten times the leverage, you get 2000 yuan. We always have something to sell before we can set up a stall in the market. In the futures market, we only need to pay a deposit to negotiate the price, and both buyers and sellers don't have to look at the real thing. Only when it is delivered.

1. There are many kinds of futures trading. Now let's use corn varieties to explain.