MERCADOS FUTUROS E HEDGING EM COMMODITIES: Proteção contra a Volatilidade de Preços

Abstract

This paper presents a systematic literature review on futures markets and hedge strategies applied to the agricultural commodities sector in Brazil. The research analyzes the main academic publications addressing these topics, highlighting the relevance of futures contracts as financial instruments for mitigating risks associated with price volatility. Based on the analysis of authors such as Assaf Neto, Silveira, and Buainain, the key protection strategies used by producers and investors were identified, as well as the limitations and challenges faced in the Brazilian market. The results show that hedge is an effective tool for stabilizing revenue and increasing financial predictability, especially in high volatility scenarios. However, gaps were identified in the integration between the physical and futures markets, as well as the need for greater technical training for economic agents. It is suggested that future research explore the impact of climate change, economic policies, and the use of new technologies on risk management strategies, aiming to enhance the competitiveness of Brazilian agribusiness.