Soybean futures are based on soybeans and are traded by contract. Generally speaking, it is the mutual transformation between contracts. Buy and sell a certain number of soybean futures contracts at a certain time in the future at the current agreed price.
Before the contract expires, we can buy and sell. After the expiration, no matter how the soybean price changes, we have to change the contract and deliver it on the spot. This is the risk of trading futures contracts. The contract is legally binding and formulated by the Soybean Futures Exchange, which stipulates the quantity, price, place and quality standard of delivered soybeans. Soybean futures belong to Dalian Commodity Exchange, trading code is A or B, which can be divided into soybean one futures or soybean two futures.
The specific knowledge about soybean futures is as follows: soybean futures are also called soybean 1 and soybean 2, the trading unit of soybean futures is 10 ton/lot, the minimum price change is 1 yuan/ton, and the contract delivery months are 1, 3, 5, 7, 9,/kloc-0. The final delivery date of soybean futures is the seventh day after the last trading day. In case of legal holidays, it will be postponed. The delivery place is designated as the delivery warehouse by Dalian Commodity Exchange. The minimum transaction margin for soybean futures is 5% of the contract value, and the transaction fee for soybean futures shall not exceed 4 yuan/lot. The delivery method is physical delivery.
The soybean futures price is RMB/ton, and the price limit is 4% of the settlement price of the previous trading day. Trading hours are from 9: 00 am to 165438+ 0: 30 pm, and from 13: 30 pm to 15: 00 pm every Monday to Friday, and other times are announced by the exchange for delivery.
The subject matter of soybean futures contract in Dalian Commodity Exchange is soybean. Later, due to the promulgation and implementation of the National Regulations on Transgenic Management, imported soybeans were temporarily unable to participate in futures delivery. Therefore, Dashang Company divides the soybean contract into 1 soybean futures contract with edible quality non-GMO soybeans as the subject matter and No.2 soybean futures contract with oil-extracted quality transgenic and non-GMO soybeans as the subject matter.