A hedge contract cannot guarantee a manufacturer against loss but it can restrict his loss within very narrow limits by averaging out the cost of his raw materials for many months ahead.

套头交易不能担保厂商避免损失，但由于能提前数月算出原料成本，因而可以把厂商的损失限制在极小的范围之内。

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Cross-Hedge means hedging a cash market position in a futures contract for a different but price-related commodity.

交叉避险利用品种不同但价格相关性强的期货合约为现货市场的头寸进行套期保值。

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Long hedge: if a company plans to buy assets at some time in the future, it can hold a long position in the futures contract of the assets to offset the risk.

多头套期保值：如果要在未来某时买入某种资产，则可采用持有该资产期货合约的多头来对冲风险。

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The hedge is to contract a good deal of that from outside sources, as far away as Canada.

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The usual hedge-fund contract at least protects you from getting whipsawed by a manager who makes money one year, loses it the next and makes it back the third year.

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Farmers' distrust of the markets was exacerbated in 1996 by a new financial instrument that swept across the plains: the hedge-to-arrive contract.

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