The Analysis of Hedging Instruments on the Exchange Commodity Market of Ukraine

The paper highlights the main instruments of protection against price fluctuations on the agricultural exchange market of corn and analyses the use of hedging to minimize risks. Seasonality, fluctuations in production volumes, and natural and climatic conditions have a significant influence on the formation of prices for agricultural products. The combined influence of these factors increases the risks of agricultural business. Overcoming their negative impact on entrepreneurial activity in agriculture necessitates the use of progressive elements of market regulation, including hedging instruments. The agricultural sector of Ukraine is also marked with the inconsistency of regulatory mechanisms with the needs of subjects of market relations. According to the study, it was caused by the problem of price formation for agricultural products. The paper proves the necessity of using a scientific approach to solving problems and improving the national commodity exchange market to ensure its adequacy in the integration processes of the world economic space. The authors highlighted the main tools for protecting against price fluctuations in the agricultural exchange market of corn. They also analyzed ways to use hedging to minimize risks.