The functions of the agricultural product wholesale market mainly include (A, B, C, D).
A.? Information summary.
B.? Supply and demand adjustment.
C.? Price formation.
D.? Commodity distribution.
Answer analysis: A, B, C, D.
Expansion:
Introduction to agricultural product futures:
1. It is the earliest futures product listed in the world. The futures market first emerged in the agricultural product market, and in the futures In the more than 120 years since the market came into being, agricultural product futures once became the mainstream of the futures market.
2. In the mid-19th century, Chicago had developed into the most important commodity distribution center in the Midwestern United States, and a large number of agricultural products were traded in Chicago. In the spot market at the time, grain prices fluctuated frequently with the seasons. During the annual grain harvest season, producers shipped grain to Chicago in search of buyers, saturating the market and causing prices to plummet.
There was a lack of sufficient storage facilities at that time. By the following spring, grain was scarce, prices rose, and consumers' interests were harmed. This made it urgent to establish a forward pricing mechanism to stabilize the supply and demand relationship. , and it was under this background that the futures market came into being.
3. The futures market has established a buffer mechanism in the contradiction between the supply and demand of agricultural products. This mechanism can resolve the seasonal contradiction between the supply and demand of agricultural products. Although the absolute proportion of agricultural product futures trading volume has dropped significantly over the past 30 years, it still occupies a considerable share of the international futures market.
There are 21 categories and 192 varieties of agricultural product futures that are still traded internationally, and a considerable number of them are very actively traded. They have become the core of related industrial chains in the production, circulation, and consumption of agricultural products in the world.
Judging from the situation in our country, agricultural product futures varieties are still the mainstream of my country’s futures market, and they are also the futures varieties most likely to introduce new varieties and achieve great development, and for a long period of time, these futures varieties will This pattern will not change. Therefore, it is necessary to analyze the theoretical basis of the agricultural product futures market to reveal the great significance of agricultural product futures to agricultural production and circulation.