Futures: an important channel for soybean processing enterprises and farmers to increase their income in Heilongjiang Province

Introduction: at the Heilongjiang soybean trade fair held today, not only the spot trade is active, but also many futures companies in the province are all on the scene, and they are warmly welcomed Using the futures market to increase income is becoming the consensus of soybean processing enterprises and planting bases in our province As soybean is a large agricultural product, it bears the double risks of nature and price, and risk aversion and maintenance are the two major functions of futures market Agents, leading enterprises and government representatives participating in the fair consult and negotiate in front of the booths set up by futures companies Wang Yuntao, Heilongjiang Tianqi futures brokerage Co., Ltd., "farmers and enterprises get information through futures market, carry out production and realize income increase." In October last year, in the face of the soybean market with rising prices, our province accurately grasped the market situation, organized relevant experts to demonstrate, and timely passed the information about spot and futures of soybean at home and abroad to farmers through the media After obtaining the information, the farmers in our province immediately adjusted the price of selling soybean According to the calculation of the total soybean output of the province of 5 million tons, the farmers' income increased by 2 billion yuan The real benefits enable soybean processing enterprises and planting bases to realize the advantages of participating in the futures market Relevant experts said that it is difficult for farmers to increase their production by 10%, but it is easy to pay attention to the futures market It is not necessary for farmers to participate in futures trading, but they should understand the futures market and guide how to use the futures market for production and sales.