1. Factors affecting the price change of soybean oil:
(1) Soybean oil supply: soybean supply (including domestic soybean supply and international market supply);
(2) Soybean oil output: The current soybean oil output is a variable, which is subject to factors such as soybean supply, soybean crushing income and production cost.
(3) Import and export volume of soybean oil: With the rapid development of China's economy, after 2006, with the cancellation of soybean oil import quota, domestic and foreign soybean oil markets will be integrated;
(4) Stock of soybean oil: Stock of soybean oil is an important part of supply, and the amount of stock reflects the tension of supply. In most cases, insufficient inventory leads to price increase, while sufficient inventory leads to price decrease. Because soybean oil is not easy to be preserved for a long time, once the stock of soybean oil increases, the price of soybean oil tends to go down.
2, soybean oil futures trading rules:
(A) the deposit system
The minimum trading margin for soybean oil futures contracts is 5% of the contract value. Foreign exchange deposits are managed at different levels. As the delivery date of futures contracts approaches and the positions increase, the exchange will gradually increase the trading margin. When the soybean oil contract continues to rise (fall), the exchange will appropriately increase the trading margin.
(B) the price system
The exchange implements the price limit system, and the exchange sets the daily maximum price fluctuation range of each futures contract. The Exchange may adjust the range of price limit of each contract according to market conditions.
(3) Warehouse restriction system
The exchange implements the position limit system. Limited position refers to the maximum number of speculative positions in a contract that a member or customer can hold according to the regulations of the exchange.
In general, when the unilateral position of soybean oil contract is more than 6,543,800 lots in a month, the position limit of this contract shall not be more than 20% of the unilateral position of brokerage members, 654.38+ 00% of the unilateral position of non-brokerage members and 5% of the unilateral position of customers.