A influência de operações de hedge no mercado potencial de derivativos no agronegócio regional de Uberlândia

Abstract

This article evaluates the returns and risks of hedge strategies in the potential soybean market of Uberlandia and region. For this, three strategies of price variability management were carried out to demonstrate how best to reduce risks and losses on the part of the agricultural producer. The strategies are: spot market trading, short futures (traditional hedging) and short futures vs. spot market. Based on what was analyzed and simulated, the strategy of commercialization in the futures market (hegde) showed the most efficient in front of the others, since it allowed the producers a better result in the period and the strategy in the spot market was the least effective due to the devaluation of the commodity in the analyzed period. This result determines the relevance of the use of derivative protection in agribusiness in order to measure gains and reduce costs for producers.