Futures: a simple example If the price of corn rises to $3.00 per bushel, the farmer gets s5,000 more for his corn, but loses s5.000 on the futures contract The farmer has effectively locked in a price of $2.50 per bushel and has hedged his risk.Futures: a simple example • If the price of corn rises to $3.00 per bushel, the farmer gets $5,000 more for his corn, but loses $5,000 on the futures contract. • The farmer has effectively locked in a price of $2.50 per bushel and has hedged his risk