Soybean is an important agricultural product in China, and soybean futures are also available in futures exchanges. Soybean futures are divided into two categories: soybean No.1 and soybean No.2, which are called soybean No.1 and soybean No.2 for short. So do you know the difference between soybean No.1 and soybean No.2?

What's the difference between soybean No.1 and soybean No.2?

1 has different uses: yellow soybean 1 refers to edible soybean, and yellow soybean No.2 refers to soybean for oil pressing.

The delivery scope is different: the delivery object of soybean 1 is non-transgenic, and the delivery object of soybean 2 can be transgenic or non-transgenic.

Contract pricing is different: the price of soybean 1 includes packaging, and the price of soybean 2 does not include packaging.

4 trading activity is different: the positions and trading volume of soybean 1 are higher than that of soybean 2. ..

Soybean is produced all over the world, with the largest planting area in North America, South America and Asia. For many years, the world soybean output ranks first among all kinds of oil crops. The United States is currently the largest soybean producer in the world, with Brazil, Argentina and China ranking second and third respectively. Most soybeans planted in China are non-GMO soybeans, while soybeans in North and South America are mainly GMO soybeans.