One of the prerequisites for the global supply market is the development of biofuel trade and financial instruments. In the United States and Brazil, financial markets for ethanol are emerging. The spot market already exists. The main trade centers are the Chicago Board of Trade and the Brazilian Commodity Futures Exchange. At present, ethanol futures already exist in CBOT (Chicago Board of Trade) and NYMEX (the New York Mercantile Exchange, the New York Mercantile Exchange) (although the highest exposure interest level of biofuel futures still accounts for only about one thousandth of the corn interest level of a single exchange in a single day). 13. As buyers can buy raw material futures, liquidity will be improved.

If there is no ethanol futures, the risk of importing ethanol (relative to importing raw materials for production) will always be greater, because buyers cannot use futures trading to protect the purchase price of ethanol (however, if buyers are manufacturing ethanol instead of buying ethanol on the open market, then buyers can manage the risk of raw materials).