Spot of agricultural products refers to the wholesale market of bulk commodities, also known as spot market, which is approved by government functional departments at or above the municipal level and supervised and managed by relevant functional departments such as the Development and Reform Commission of the Ministry of Commerce. It has four basic functions: strategic storage of means of production commodities, price adjustment, organization of production and hedging. Marked by the Measures for the Administration of Commodity Exchange Market promulgated by the State Council in 2004, China's spot market is becoming more and more perfect. Electronic warehouse receipt transaction based on physical objects is becoming a hot spot for investors because of its convenience and high efficiency.
The spot trading market of agricultural products under the background of state-owned enterprises is the Yellow River commodity trading market.