1, the first bean contract delivery standard is non-GMO soybeans, while the second bean contains soybeans from all over the world, including transgenic and non-GMO soybeans.
2. Different standards. ContractNo. Soybean 1 adopts the index system of edible soybean based on the current national standard of soybean and with pure grain rate as the core grading index; The soybean oil extraction index system based on the national standard for oil soybeans is adopted in the contract No.2 of Yellow Soybean, with crude fat content as the core grading index.
3. The scope of deliverables is different. Yellow soybean contract 1 only non-GM soybeans are allowed to participate in delivery; Soybean No.2 futures contract allows genetically modified soybeans and non-genetically modified soybeans to participate in delivery.
Contract pricing and delivery packaging are different. In terms of contract pricing, the contract price of 1 soybean includes packaging materials, and the contract price of No.2 soybean does not include packaging materials.
Regarding packaging, considering that imported soybeans are mainly imported and circulated in bulk, the No.2 contract of soybeans adopts bulk and bagged methods, taking into account the different packaging methods of imported and domestic soybeans, while the soybean 1 contract only adopts bagged packaging methods, which is consistent with the bagged methods of domestic soybeans in spot circulation.
Extended data:
Judging from the national policy thinking on domestic soybeans in recent years, the government is not active in protecting domestic soybeans, which involves the problem of domestic planting area. At present, the cultivated land area in China is not enough to ensure the complete domestic production of soybeans. Under the background of giving priority to the development of food crops, it is an inevitable choice to give up oil crops.
The government only maintains a minimum domestic supply, but in terms of downstream consumption, although the state has strict control over genetically modified crops, it does not encourage giving priority to promoting non-genetically modified crops. This policy has its own deep-seated contradictions, and there will be no fundamental adjustment in the short term.
Baidu Encyclopedia-Futures Contract