No.2 soybean genetically modified soybean is mainly used for oil extraction. For example, vegetable oil sold in supermarkets indicates that the processing raw material is genetically modified soybeans.
Soybean 1 and No.2 are both futures products listed on Dalian Commodity Futures Exchange.
In March 2002, due to the promulgation and implementation of the National Regulations on Genetically Modified Soybeans, imported soybeans were temporarily unable to participate in futures delivery. Therefore, Dashang Company divides the soybean contract into 1 soybean futures contract with edible quality non-GMO soybeans as the subject matter and No.2 soybean futures contract with oil-pressed quality transgenic and non-GMO soybeans as the subject matter.
Extended data:
When the delivery date of soybean 1 and soybean No.2 contracts approaches, the collection standard of the trading deposit is:
1, the first trading day one month before the delivery month:10% of the contract value;
2. The sixth trading day one month before the delivery month: 65438+ 05% of the contract value;
The 11th trading day one month before the delivery month: 20% of the contract amount;
4. Sixteenth trading day one month before the delivery month: 25% of the contract value;
5. The first trading day of the delivery month: 30% of the contract amount.
Baidu encyclopedia-soybean futures