If it can continue to rally in the face of heavy pressure from hedgers, it will be an excellent sign that the bear market is likely over. (goldsilverworlds.com)
Futures contracts that reflect the underlying local physical markets are important to attract commercial hedgers who are in need of protection against price moves. (indexologyblog.com)
Margin requirements are waived or reduced in some cases for hedgers who have physical ownership of the covered commodity or spread traders who have offsetting contracts balancing the position. (en.wikipedia.org)