The innovation business of agricultural products market in large trading houses continues to advance.

At the eighth International Maize Industry Conference held in Wuhan on September 17, the head of the agricultural products department of Dalian Commodity Exchange (simply called "Dashang") said that the scale of the agricultural futures market of Dalian Commodity Exchange has grown steadily in recent years. A relatively complete corn industry variety risk aversion chain has been formed. At the same time, large trading houses actively promote institutional innovation, through the implementation of "warehouse receipt exchange" and other new systems and new measures, in conjunction with large enterprise groups, to provide more delivery facilities for small and medium-sized enterprises in the industrial chain, and the market effect is remarkable. In the future, by promoting more institutional innovations such as the "group delivery system", the futures market will be close to the reality of the spot market, close to the industrial demand, and enhance the ability of the futures market to serve the real economy.

According to reports, at present, there are 10 futures varieties of agricultural products on the market, forming four industrial chain plates of corn, oil and oil, livestock and wood. In recent years, the scale of Dalian agricultural futures market has continued to expand, with the turnover of agricultural products reaching 370 million lots (unilateral, the same below) in the first eight months of 2015, an increase of 26% over the same period last year.

With the listing and increasing maturity of eggs and corn starch, the risk aversion chain of corn variety industry is more perfect. Corn and corn starch futures constitute a relatively complete risk aversion system of corn deep processing industry chain, corn trade, feed and deep processing leading enterprises all use the two varieties to avoid risk. Corn, soybean meal and egg futures form the risk aversion system of egg industry chain, which broadens the depth and breadth of futures serving the real economy.

In recent years, large trading houses have continued to promote institutional innovation, continuously improve the capacity and level of the service industry and the real economy, and improve market efficiency significantly. Among them, a more typical one is to join large enterprise groups to help small and medium-sized enterprises, launching a "warehouse receipt exchange" business based on the group operation, which greatly facilitates small and medium-sized enterprises in the middle and lower reaches of the industrial chain to participate in futures delivery. it further promotes the seamless docking of futures and spot markets.

In addition, after the landing of the "three-step delivery method", it effectively alleviates the difficult problem of receiving goods in different places and reduces the uncertainty of the receiving place and the delivery cost of the enterprise. Since the implementation of the system, customers have actively participated, the pairing effect is good, and about 90% of the customers' intentions have been satisfied.

With regard to the future system and rule innovation of the agricultural futures market of the Dashang Institute, the responsible person said that the Dashang Institute will continue to promote institutional innovation, steadily promote the implementation of the "group delivery system", provide more convenience for buyers to receive goods, and further deepen the ability and advantages of the futures market to serve the real economy. According to reports, the "group delivery system" is the focus of the current delivery system innovation. Group delivery warehouse is divided into group delivery warehouse and extended delivery warehouse area, with group and existing warehouse as the core respectively. The trading institute will implement the system in accordance with the idea of "pilot first, then spread it out", and plans to give priority to pilot corn varieties, so as to alleviate the problem of mismatch in the current market scale of corn varieties, and to solve the delivery problems such as the buyer of the origin and the delivery and inconvenient delivery of goods by land and foreign transportation customers.

The official said that the company will further close to the egg spot trade habits, improve egg rules, reduce delivery costs, increase deliverables, and attract more physical enterprises and institutional customers to participate; improve the corn starch futures delivery system, further reduce delivery costs; continue to increase the delivery warehouse in the northeast of Yellow Soybean No. 1 to facilitate both buyers and sellers. Promote changes in the circulation policy of imported soybeans, modify the Yellow Soybean No. 2 contract, and provide more effective risk management tools for the industry.