China’s soybean futures, options open to foreign traders

А series of soybean futures and options opened for trading on the Dalian Commodity Exchange (DCE) to foreign traders on Dec. 26, China Daily reported.

The items included No. 1 soybeans, No. 2 soybeans, soybean meal and soybean oil. They are the first varieties in China’s futures market to allow overseas traders to participate in trading of the entire series.

This allows overseas companies to hedge their risks and facilitates further linkage between domestic and overseas soybean prices, said Tang Qijun, vice president of the China Soybean Industry Association.

Soybean-related futures were among the first kinds introduced on the exchange more than two decades ago.

So far, the DCE has made 11 varieties and tools available to overseas traders.

Tags: soybean, soybean meal, futures, Market, Dalian Commodity Exchange, DCE, China, soybean oil, prices