The corn starch futures trading variety introduced by Dashang is corn starch. The trading unit is ten tons per batch, and the minimum price change is one yuan per ton. The contract months are 1, March, May, July and September, 1 1. In addition to normal intraday trading, corn starch futures also have night trading, which lasts from 2 1: 00 to 23: 00.
: corn starch futures
1, corn starch futures are also varieties with lower transaction costs in the futures market. Speaking of corn starch, the real thing is a kind of yellowish white powder, which is the product obtained by grinding corn and is often used in cooking, food processing and handicraft production. Corn can not only play an important role in seasoning, but also be used as various additives and raw materials for monosodium glutamate, dextrin, maltose, vermicelli, ham and other foods, which is closely related to our lives. In addition, the fields such as medicine, chemical industry and paper making are also inseparable from corn starch. It can be said that the downstream demand field of corn starch is very extensive. However, due to overcapacity, the price of corn starch fluctuates frequently and violently, and enterprises operate passively.
2. The listing of corn starch futures plays a very important role in extending the corn industrial chain and forming an arbitrage portfolio with listed corn futures. In the process of analyzing corn futures price, we mainly start from three aspects: supply, demand and other factors. Among them, the supply factors include the supply and cost of corn, the start-up and profit of starch enterprises and so on. These factors mainly reflect the production cost of corn starch and have a strong supporting role in the price of corn starch. Demand factors include downstream demand growth, enterprise benefits, quantity and price of substitutes, etc. It mainly reflects the level and fluctuation range of corn starch price. At the same time, the consumption of corn starch has a strong periodicity, and the demand is very consistent with the rhythm of the Lunar New Year, which is significantly affected by seasons and festivals. Other factors include logistics costs, macro-environment and cyclical factors. But on the whole, the price of corn starch has obvious seasonal and cyclical characteristics, with an average of 5 years in the big cycle and 2-3 years in the small cycle. And there are generally three important nodes in a year, May Day, National Day and New Year. Basically, the price rises in stages before the node and falls in stages after the node.