What Are Corn Futures?

Corn and soybean meal are important feed ingredients. Among them, corn can account for about 60% of compound feed. The price fluctuations have a great impact on feed companies. The use of corn futures can effectively use the function of price discovery and risk aversion to guide the adjustment of the planting structure of corn producing areas and promote farmers' income.

Corn futures

The corn futures varieties were listed on the Dalian Commodity Exchange on September 22, 2004. This is the re-launch of corn futures since the Chinese futures market was cleaned up in 1998. Corn futures are currently domestic
Analysis of corn production status
Since the reform and opening up, due to the implementation of a series of policies to strengthen agricultural production by the party and the country and the development of domestic animal husbandry production, corn production has continued to grow. By the end of 2006, the nation s corn sown area had reached 26 930 thousand hectares, accounting for 25.13% of the country s total sown area of grain crops, ranking second in the sown area of grain crops. The total corn production was 144.48 million tons, accounting for Yields 29.24%, ranking the second place in the output of grain crops. The increase in corn planting area and yield has contributed to the increase in total grain output.
Overview
Overview
The United States is the world's largest country in corn production, consumption and trade.
National standards change face
On March 28, 2009, the General Administration of Quality Supervision, Inspection and Quarantine and the National Standardization Administration of China approved the release of the new "
Trading
Yellow corn
Trading unit
10 tons / hand
Quotation Unit
Yuan (RMB) / ton
Minimum change price
1 yuan / ton
Daily limit
4% of the settlement price of the previous trading day
Contract month
January, March, May, July, September, November
transaction hour
Every Monday to Friday 9: 00 ~ 11: 30, 13: 30 ~ 15: 00
Last trading day
The tenth trading day of the contract month
Last settlement day
The second trading day after the last trading day
Delivery level
Quality Standard for Corn Delivery of Dalian Commodity Exchange (FC / DCE D001-2009) (see attachment for details)
Delivery place
Designated delivery warehouse for corn of Dalian Commodity Exchange
Minimum trading margin
5% of contract value
Delivery method
Physical delivery
trasaction code
C
Listing Exchange
Dalian Commodity Exchange

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