2. Function: It can reduce or avoid the high cost caused by the lack of futures market in developed countries in China; Because the price information in the spot market of agricultural products is short-term and only reflects the supply and demand situation at a moment, China's agricultural futures market can reduce the lag derived from this feature; Futures prices have played the role of benchmark prices, and the domestic agricultural futures market has become the domestic pricing center.
Brief introduction of agricultural futures:
1 is the earliest listed futures product in the world, and the futures market originated in the agricultural product market. In the 120 years after the emergence of the futures market, agricultural futures once became the mainstream of the futures market.
2./kloc-In the middle of the 0/9th century, Chicago has developed into the most important commodity distribution center in the Midwest of the United States, and a large number of agricultural products are bought and sold in Chicago. In the spot market at that time, the price of grain changed frequently with the alternation of seasons. Every year during the grain harvest season, producers transport grain to Chicago to find buyers, which makes the market saturated and prices plummet. At that time, there was a lack of adequate storage facilities. By the next spring, food was in short supply, prices rose, and consumers' interests were harmed. It is urgent to establish a forward pricing mechanism to stabilize the relationship between supply and demand, and the futures market came into being under this background.
3. The futures market has established a buffer mechanism in the contradiction between supply and demand of agricultural products, which makes the seasonal contradiction between supply and demand of agricultural products disappear. Although the absolute proportion of agricultural futures trading volume has been greatly reduced in the past 30 years, it still occupies a considerable share in the international futures market. There are 2 1 categories and 192 varieties of agricultural futures still being traded in the world, and quite a few of them are very active, becoming the core of the global industrial chain related to agricultural production, circulation and consumption. Judging from the situation in China, the futures varieties of agricultural products are still the mainstream in China futures market, and they are also the futures varieties that are most likely to obtain new varieties and achieve great development, and this pattern will not change for a long time. Therefore, it is necessary to analyze the theoretical basis of agricultural futures market and reveal the great significance of agricultural futures to the production and circulation of agricultural products.