Types of commodity futures
Specifically, in commodity futures, there are about 20 kinds of agricultural and sideline products, including corn, soybeans, wheat, rice, oats, barley, rye, pork bellies, pigs, live cattle, calves, bean flour, soybean oil, cocoa, coffee, cotton, wool, sugar, orange juice, rapeseed oil and so on. Among them, soybean, corn and wheat are called three major agricultural futures: five chemical products, including crude oil, heating oil, unleaded gasoline, propane and natural rubber; There are two kinds of forest products, including wood and plywood.
The commodity futures traded in different countries are not exactly the same, which is directly related to the market situation in different countries. For example, the futures trading of turkey is conducted in the American market, while the Japanese market develops varieties such as cocoon silk, raw silk and cocoon. Except America. In addition to Japan and other major developed countries, some countries in Europe, America and Asia have also set up commodity futures exchanges. The futures commodities in these countries are mainly domestic commodities that occupy an important position in the world market. For example, Singapore and Malaysia mainly trade rubber futures; Philippines trades dried coconut futures; Pakistan, but India trades cotton goods; Canada mainly trades barley. Corn futures; Australia mainly trades raw cattle and wool futures; Brazil mainly trades coffee, cocoa and cotton futures.
Before the founding of New China, the main futures commodities in China futures market were gold, silver, fur, gauze, grain and oil, flour, bran and cotton cloth. The current China futures market began in the early 1990s. Agricultural products, non-ferrous metals and other commodity futures listed varieties 10. Copper, soybeans and other varieties are actively traded.
Information required for commodity futures account
(1) natural person customers need to prepare
1, the original ID card of the account holder;
2. Debit cards (ICBC, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications, Shanghai Pudong Development Bank, Minsheng) for my real name account opening.
(2) Corporate customers need to prepare
1, the original valid annual inspection of the business license of an enterprise as a legal person;
2. Original organization code certificate valid for annual inspection;
3. Original tax registration certificate;
4. Institutional account opening license or real-name settlement account opening certificate (ICBC, ABC, CCB, BOC, BOCOM, PUFA, Minsheng);
5. The original ID cards of the legal representative, account opening agent, transaction order issuer, fund distributor and statement confirmer;
6. The official seal of the enterprise and the name stamp of the legal representative (except that the legal representative opens an account in person);
7. Power of attorney of entrusted agent for futures trading
Commodity futures account process
(1) Choose a futures company (all futures companies are supervised by the CSRC, and there are stock exchanges and futures exchanges all over the country). Choosing a futures company mainly depends on the company's market judgment ability, transaction server speed and transaction cost.
(2) After selecting a futures company, make an appointment to open an account with the company's account manager, so that you can get the corresponding preferential policies.
(3) According to the appointment time, bring my ID card and bank card (diplomatic relations between workers and peasants) to the futures company to open an account. If only commodity futures accounts are opened, the futures company can send account opening personnel to open accounts at home.
(4) After opening an account, go to the bank to handle banking business (three-party depository).
(5) downloading quotation software and trading software from the website of the futures company; After the deposit, you can trade.