Futures contracts are widely used to hedge risks and to speculate. The most actively traded contract is the Treasury bond contract. It can be used to hedge against interest rate movements. If you are long Tbonds and want to hedge against a rise in market yields, you would short the contract. What futures strategy would you employ to profit from an expected drop in interest rates? How would you lock in a price for your corn crop using futures? What is the S\&P mini contract? How can it be used in a hedging strategy