GSE is initially scheduled to list corn futures on September 22

Introduction: China Dalian Commodity Exchange is initially scheduled to list corn futures on September 22 An unnamed official at the Dalian Mercantile Exchange said Thursday that the first day of the listing of corn futures is currently set for September 22, but did not rule out possible fine-tuning at that time The number of first day listing contracts has not been determined, the person said According to the details of corn futures contracts published by the Dalian Mercantile Exchange, the delivery months of contracts can be 6 kinds: January, March, may, July, September and November The trading variety is yellow corn, with each trading unit handling 10 tons The trading limit is 4% of the previous trading day's settlement price, 6% of the first day's listing price, and the minimum margin is 5% of the contract value Trading hours are 0900-1130 and 1330-1500 from Monday to Friday Beijing time, and delivery place is Dalian and Yingkou In July, China's State Council officially approved the Dalian stock exchange to trade corn futures Dalian Commodity Exchange has been planning to carry out corn futures trading for the past year Its existing soybean and soybean meal futures are one of the most active futures in China's domestic trading Since this year, China has approved fuel oil futures trading in Shanghai in April and cotton futures trading in Zhengzhou in May In 2003, China was the world's second largest corn producer and exporter after the United States The export volume of corn reached 15.25 million tons However, this year, China dropped out of the ranks of corn exporting countries because of the sharp decrease of corn reserves In the first six months of this year, China exported only 1.63 million tons of corn According to the U.S Department of agriculture, China's corn production is expected to reach 114 million tons in the 2003-04 corn planting year to September this year, down from 121.3 million tons in the previous year.