1, the impact of soybean oil price change factors:
(1) the supply of soybean oil: soybean supply (including the supply of domestic soybeans and the supply of the international market);
(2) the production of soybean oil: soybean oil production for the current period is a variable, which is subject to soybean Supply, soybean crushing revenue, production costs and other factors;
(3) Soybean oil imports and exports: with the rapid development of China's economy after 2006, with the abolition of quotas for imported soybean oil, domestic and foreign soybean oil markets will be integrated;
(4) Soybean oil inventories: Soybean oil inventories are an important part of the composition of the supply volume, the number of inventories reflecting the tightness of the supply volume. In most cases, the shortage of inventory is the price increase, inventory abundance is the price decline. Because soybean oil is not easy to long-term preservation characteristics, once the soybean oil stocks increase, soybean oil prices tend to go down.
2, soybean oil futures trading rules:
(a) margin system
Soybean oil futures contracts for the minimum transaction margin of 5% of the contract value. Exchange margins are managed on a graded basis, and as the delivery period of the futures contract approaches and the volume of positions increases, the exchange will gradually increase the trading margin. When the soybean oil contract appears continuous up (down) stop, the exchange will appropriately increase the trading margin.
(II) Up/Down Stop System
The Exchange implements a price up/down stop system, in which the Exchange sets the maximum daily price fluctuation range for each futures contract. The Exchange may adjust the stopping range of each contract according to market conditions.
(C) Position Limit System
The Exchange implements a position limit system. Position limit refers to the maximum amount of speculative positions in a contract that can be held by a member or customer on a unilateral basis, as stipulated by the Exchange.
When the general month of soybean oil contract unilateral position is greater than 100,000 lots, brokerage members of the contract position limit shall not be greater than 20% of the unilateral position, non-brokerage members of the contract position limit shall not be greater than 10% of the unilateral position, customers of the contract position limit shall not be greater than 5% of the unilateral position.