[Explanation] Recently, the China Securities Regulatory Commission officially announced that Dalian Commodity Exchange No. 1 Soybean, Soybean No. 2, soybean meal, soybean oil futures and options are specific domestic varieties, and foreign traders will be introduced to participate in the transaction on December 26, 2022.

This means that soybean series futures and options will become the first variety sector in China's futures market to open up to the outside world in the form of a specific variety.

　　[Explanation] In recent years, the size of the international soybean market has shown an overall growth trend. China has also grown into the world's largest soybean importer and producer of soybean meal and soybean oil, occupying an important position in the global soybean consumption market.

In 2021, China will produce 16.4 million tons of soybeans, import 96.52 million tons of soybeans, and produce about 79 million tons of soybean meal and 18 million tons of soybean oil.

Among them, soybean imports accounted for more than half of global imports, and soybean meal and soybean oil production accounted for nearly 30% of global production.

　　[Same period] Tan Jian, Senior Executive Manager of Commodity Section 1 of Dalian Commodity Exchange

　　Listing soybean series futures and options as specific domestic varieties is conducive to improving the level of opening up of my country's futures market to the outside world, further improving the domestic and overseas derivatives system, and better serving the soybean industry chain. Promoted new development pattern.

At the same time, it is also conducive to improving the pricing mechanism of the domestic derivatives market and enhancing my country's pricing influence in the overseas derivatives market.

　　[Explanation] Soybean futures is the earliest futures product listed on DCE.

According to statistics, in the first half of 2022, DCE No. 1 Soybean, No. 2 Soybean, Soybean Meal, and Soybean Oil futures ranked among the top 40 in terms of trading volume of global agricultural product futures and options contracts, among which Soybean Meal Futures has ranked first for many years ; The average daily positions of the four futures varieties were 184,800 lots, 40,100 lots, 2,310,100 lots, and 713,400 lots, and the correlation between futures and spot prices exceeded 0.95.

In addition, after five years of careful cultivation, DCE soybean meal options have become the most traded agricultural product options in the world. As of November, the average daily position in 2022 was 578,200 lots, nearly five times that of 2017.

The average daily positions of soybean No. 1, soybean No. 2 and soybean oil options in November 2022 increased by 274%, 119% and 926% respectively compared with the initial listing period in August.

　　Reporter Yu Ruizhai reports from Dalian, Liaoning

Editor in charge: [Fang Jialiang]