Agricultural products futures are the earliest futures in the world, and grain trading has always been a traditional commodity in the futures market. Chicago Board of Trade is the oldest agricultural futures exchange in the world. Since the beginning of the 20th century, the main places for futures trading of agricultural products in China are Zhengzhou Commodity Exchange and Shanghai Grain and Oil Exchange. The main varieties of agricultural futures trading are soybeans, corn, wheat, soybeans, sugar, coffee, cocoa, cotton, pigs and live cattle.
Futures trading must first carefully choose futures trading companies. Futures trading companies are actually very similar to brokers. They mainly provide trading platforms and trading places for futures traders, and must choose companies with high personnel qualifications and standardized services.
After the trading company is confirmed, the customer must bring his real identity certificate and bank card, handle the futures contract in the trading hall of the futures trading company you choose, sign the necessary procedures, and finally take out the bank card for bank transfer. It should be noted that not all banks have bank transfer business, which needs to be discussed in advance.
After opening an account, download the futures quotation software and entrusted trading software from the website of the futures company that opened the account. Many futures companies use the same futures quotation software, so the technical analysis of stock trading is very similar. You must learn how to use the software before trading, and you must pay attention to choosing the main force of each futures variety for trading. It is not difficult to choose the main force. In a futures contract, the main contract is the futures contract with the largest trading volume and position.
In futures trading, according to the purpose of traders, it can be divided into two kinds of transactions, one is short and the other is arbitrage.
(1) short
Short selling is also called long futures. Speculators buy futures when the market rises, and then sell them after the market actually rises.
Short selling, also known as short selling futures, means that speculators sell futures first when the market falls, and then replenish futures when the market actually falls. It can be seen that short selling and short selling are chasing profits from the price rise and fall of secondary transactions, which is a speculative behavior.
(2) Hedging
Hedging, also known as Qin Hai, refers to the practice of transferring price risk by using the principle that the change trend of physical price and futures price is basically the same when conducting physical transactions.
The basic practice is to buy the same amount of futures in the commodity exchange and sell the actual goods at the same time. Hedging can be divided into selling hedging and buying hedging.
It must be pointed out that due to the complex factors such as market supply and demand, the price of the physical market and the changes of the futures market can never be synchronized, which will inevitably affect the actual effect of hedging.