1. Soybean No.2 contract is located in soybean for oil extraction. Soybean No.2 contract covers soybeans produced in the United States and South America and is the most inclusive soybean futures contract in the world. Soybean 1 only covers domestic products.
Second, the index system is different. ContractNo. Soybean 1 adopts the index system of edible soybean based on the current national standard of soybean and with pure grain rate as the core grading index; The soybean oil extraction index system based on the national standard for oil soybeans is adopted in the contract No.2 of Yellow Soybean, with crude fat content as the core grading index.
Third, the scope of deliverables is different. Yellow soybean contract 1 only non-GM soybeans are allowed to participate in delivery; Soybean No.2 futures contract allows genetically modified soybeans and non-genetically modified soybeans that meet the delivery quality requirements of Soybean No.2 to participate in delivery.
Fourth, the contract month is different. Soybean 1 Contract 1 month, March, May, July, September, 1 1 month. Soybean No.2 contract was extended from June 1 to February 1, which has the characteristics of being able to adapt to the different harvest time of soybeans in North and South America, having a large import volume and port inventory supply in each month of the year, and meeting the needs of enterprise risk management.
The content of this article comes from People's Republic of China (PRC) Financial Code: Application Edition by China Law Publishing House.