Futures are currently divided into commodity futures and stock index futures. For commodity futures, a standardized contract refers to a specified quantity of quality and time (usually 5 tons or 10 tons, depending on the variety). Stock index futures refer to contracts with the Shanghai and Shenzhen 300 Index as the subject matter, and the contract value = price index *300. Generally, the money required for a transaction 1 hand is equal to * 15% of the contract value. Commodity futures are similar.
Soybean meal futures is a variety listed on Dalian Commodity Futures Exchange, with active trading and many market participants, which is very suitable for investors to practice. Then investors who want to contact soybean meal futures need to know how many tons of soybean meal futures are in each lot.
Soybean meal is a by-product of soybean oil extraction. According to the different extraction methods, it can be divided into two kinds: one-soaking soybean meal and two-soaking soybean meal. Among them, the by-product after extracting soybean oil by extraction method is one-dip soybean meal, and the by-product after extracting oil by pressing is called two-dip soybean meal. Temperature control is very important in the whole processing process. Excessive temperature will affect the content of protein, and directly affect the quality and use of soybean meal. Low temperature will increase the moisture content of soybean meal, while high moisture content will affect the quality of soybean meal during storage. One-dip soybean meal has advanced production technology and high protein content, which is the main variety circulating in the domestic spot market at present.
Futures is a trading method that spans time. By signing the contract, the buyer and the seller agree to deliver the specified quantity of spot at the specified time, price and other trading conditions. Futures are concentrated in futures exchanges and traded through standardized contracts. Some futures contracts can be traded through over-the-counter trading, which is called over-the-counter contract. According to the types of subject matter, futures can be divided into commodity futures and financial futures.
Futures trading rules:
Margin rule means that when trading, relevant entities must pay a certain amount of settlement funds in proportion to the value of futures contracts to ensure the standardization of contracts; After the daily related party transactions are completed, all expenses shall be paid according to the settlement price of the day and the corresponding funds shall be transferred. At the same time, increase or decrease the settlement reserve of members; The price limit rule means that the trading price of futures contracts needs to fluctuate within a specified range, and once the relevant restrictions are broken, the transaction cannot be successfully completed; The rule of position limit refers to the maximum value calculated in units according to the position limit of members stipulated by the exchange.
The large household reporting system is a system to prevent relevant personnel from manipulating the market, with the aim of protecting the fairness of market transactions; The delivery rule refers to the settlement of the price difference between the two parties before the expiration of the contract and the completion of the liquidation contract at the end of the period; The compulsory liquidation rule means that when investors violate the rules, the exchange will take compulsory liquidation measures against relevant investors; The risk reserve rule refers to the special funds provided to maintain the smooth operation of the futures market and avoid the losses caused by sudden risks; The information disclosure rule means that the exchange will publicly announce the relevant information of futures trading at a fixed time.