With the expansion of spot production and circulation, new futures varieties appear constantly. In addition to wheat, corn, soybeans and other grain futures, from the end of 19 to the beginning of the 20th century, with the emergence of new exchanges in Chicago, new york, Kansas and other places, cash crops such as cotton, coffee, cocoa, butter, eggs, and later livestock and poultry products such as pigs, live cattle, pork breast meat, and forest products such as wood and natural rubber were also listed one after another. Among the three major domestic futures exchanges, Dalian Commodity Exchange and Zhengzhou Commodity Exchange are mainly engaged in agricultural futures trading at this stage. The varieties approved by Dalian Commodity Exchange are soybean, soybean meal and beer barley, and the preparation of corn futures has been basically completed and listed; The varieties approved by Zhengzhou Commodity Exchange include wheat, mung bean, adzuki bean and peanut kernel. The soybean variety of Dashang Institute is the most active commodity agricultural product futures variety in China at present, and Dashang Institute has become the largest agricultural product futures exchange in China, the world non-GMO soybean futures trading center and the price discovery center.
By the end of 2002, * * * had 19 1 members with more than 69,000 customers, including about 1500 grain enterprises. Heilongjiang and Jilin are two major grain-producing provinces, and almost all counties have at least one or two grain enterprises, which have been engaged in the hedging business of soybean and corn futures of large commercial houses for many years.
Northeast China is the largest commodity grain base in China, and the total grain commodities account for about 20% of the total grain commodities in China. The total corn commodity accounts for about 30% of the total corn commodity in China; The total amount of soybean commodities accounts for more than half of the total amount of soybean commodities in China.
Dalian is the largest grain transit hub and one of the grain distribution centers in China. It has the largest grain terminal in the Far East-Beiliang New Port, the largest grain warehouse in China and the largest grain spot wholesale market in Northeast China, forming a huge and complete grain storage and transportation, processing, trade, import and export enterprise group. Dalian has a unique geographical position, backed by the northeast grain production base and located in the grain distribution center. Dalian futures market is based on a relatively mature spot market with a solid foundation.