Where can I buy wheat futures?
Wheat futures can be traded on Zhengzhou Commodity Exchange. Zhengshang Institute was established with the approval of the State Council in 1990, 10 and 12. After two years of successful spot trading, futures trading was officially launched on May 28th. 1993.
1In August, 1998, Zhengshang Institute was identified by the State Council as one of the three major futures exchanges in China, and it was under the vertical management of China Securities Regulatory Commission.
Zhengshang Institute has successively launched futures trading varieties such as wheat, corn, soybean, mung bean, sesame, cotton yarn, peanut kernel, building materials and national debt. At present, the futures trading varieties approved by the CSRC include wheat, cotton, sugar and mung beans.
The wheat futures of Zhengshang Institute are divided into ordinary wheat and strong wheat.
1 common wheat: wheat above grade 3 that meets the national standard of People's Republic of China (PRC) wheat (GB 135 1-2008), and its physical indicators meet the requirements of Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange.
2. Top-grade wheat: Wheat above Grade 3 that meets the national wheat standard of People's Republic of China (PRC) (GB 135 1-2008), and its indexes such as bulk density, stable time and wet gluten meet the requirements of Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange. Mainly used for processing and making bread, Lamian Noodles and jiaozi and other foods that need strong flour.
The main uses of wheat in China are milling, feed, seed, industrial use and loss. There are many kinds of foods processed after wheat milling, which can be divided into cooking (steamed bread, noodles, jiaozi, etc.). ), pre-frying and baking according to the main processing technology.
According to the survey data of wheat processing enterprises in recent years, the wheat flour used in steamed bread products accounts for about 30% of the total, the flour contract accounts for 35%, the pastry accounts for about 10%, jiaozi accounts for about 8%, and bread accounts for about 3%.
Of course, this consumption ratio of wheat is not static. With the continuous improvement of economic level and the upgrading of consumption habits, the consumption structure has also undergone great changes, and the consumption demand for high-quality flour food in China will gradually increase.