With regard to a futures contract, the long position is held by

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The long position in a futures contract is typically held by a trader who commits to purchasing the commodity on the delivery date. This means that they are obligated to buy the underlying asset at the specified price and time, regardless of whether the market price of the asset has gone up or down. The short position, on the other hand, is held by the trader who commits to selling the asset on the delivery date.

With Regard to a Futures Contract, the Long Position Is