Futures are divided into two categories, namely commodity futures and financial futures, and commodity futures are divided into agricultural products futures, metal futures and energy futures. The wheat futures to be understood today belong to agricultural futures. Financial futures are divided into foreign exchange futures, interest rate futures and stock index futures.
Among the above futures, agricultural products futures belong to early trading varieties, mainly including grain futures, cash crop futures, livestock products futures and forest products futures. In addition to wheat futures, agricultural products futures also include soybeans, corn, soybean meal, red beans and peanuts. At present, there are two main types of wheat futures in China: hard wheat futures and strong wheat futures. Hard wheat futures trading code is WT, and the listed exchange is Zhengshang Institute. The trading code of Qiangmai Futures is WH, and the listed exchange is Zhengshang Institute. At present, this kind of wheat futures is traded in Zhengzhou Commodity Exchange, which is the largest variety of agricultural products futures.
As we all know, changes in China's grain policy have a potential impact on wheat prices. With the improvement of marketization and internationalization of wheat prices, wheat prices are mainly regulated by the market, and the influence of policies on wheat prices is getting smaller and smaller. The factors affecting the price of high-quality wheat are mainly reflected in the increase or decrease or selling of imported wheat reserves by the state. In addition, there are the following factors that will affect its price trend.
1. Supply and demand are the fundamental factors that determine the price of wheat.
Generally speaking, wheat is mainly used for food, and its total demand is basically stable, and the influence of demand factors on wheat price is slow; Changes in supply will cause rapid changes in wheat prices.
Climate has a great influence on the price of wheat.
Wheat needs a suitable growing environment during planting and growing period. If abnormal weather occurs, it will adversely affect the yield and quality of wheat, have a significant impact on the price of wheat, and often form a "weather market" in wheat trading.
3. Sowing area and yield
The sown area of wheat is the basic determinant of yield. It can be said that the planting area of wheat and the weather during planting directly determine the yield and quality of strong wheat, which has become an important theme of futures price speculation. Output per unit area will also affect output, thus affecting supply, and then affecting prices.
4. International market linkage
Under normal circumstances, China's wheat supply and demand are basically balanced, and its price is mainly determined by domestic factors. With the development of international integration, the price interaction of the world's major wheat futures markets is increasing.
5. Periodicity and seasonality of wheat production
Agricultural production is cyclical, and the period from sowing to harvesting of wheat is as long as 8 months. This relatively fixed cycle limits the scalability of production scale.
Seeing this, everyone should know what the trading point of wheat futures varieties is. Want to know more about investment knowledge, please pay attention to us!