Purchase of futures against the fixed price forward sale of a cash commodity.

为了确保将来能以固定价格卖出现货商品而买入期货合约。

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Ratio of the value of futures contracts purchased or sold to the value of the cash commodity being hedged, a computation necessary to minimize basis risk.

所买卖的期货合约价值与要进行套保的现货商品价值之间比值，用来计算最小化基差风险。

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Higher futures prices could have sent a signal to commodity producers, who then decided to hoard their stocks rather than sell them in the cash market.

高涨的期货价格或许已经给过去决定屯货而不是在现货市场沽货的大宗商品生产一个信号。

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For one thing, fund-raising takes a lot of time almost as precious a commodity as cash at this stage in the race.

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With massive layoffs and once-flush brokerage firms finding cash a less abundant commodity, disputes over getting paid have taken on new meaning.

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Over the years the concept evolved from spending spree vouchers to gift cards to, well the ultimate voucher, cash: the universally tradable commodity.

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