大商所副总经理程伟东：为保障国家粮油安全、服务经济高质量发展注入更多期货力量

Core Viewpoint - The Dalian Commodity Exchange (DCE) emphasizes its role in supporting the real economy and national strategies, particularly in the oilseed sector, which is crucial for food security in China [1]. Group 1: Market Performance - In the first seven months of this year, the average daily trading volume of oilseed futures and options reached 4.69 million contracts, a year-on-year increase of 21% [2]. - The average daily open interest was 8.09 million contracts, reflecting a year-on-year growth of 33%, with institutional clients accounting for nearly 70% of the positions, aligning with global mature market levels [2]. Group 2: Internationalization Efforts - The DCE has made significant strides in internationalization, with Malaysian derivatives exchange listing contracts based on DCE's soybean oil futures prices, maintaining a top-five position among global agricultural contracts [2]. Group 3: Service to the Real Economy - The hedging efficiency of DCE's oilseed futures and the correlation with spot prices exceed 90%, indicating strong service capabilities to the real economy [2]. - Over 90% of the soybean crushing volume in China is represented by enterprises participating in DCE's soybean meal and soybean oil futures, with major crushing companies using DCE prices for over 80% of their soybean oil and 90% of their soybean meal trades [2]. Group 4: Future Strategies - The DCE aims to enhance its pricing influence by advocating for policy breakthroughs in physical delivery of imported soybeans and optimizing contract rules to better represent global supply and demand [3]. - The exchange plans to deepen customized services for leading enterprises and expand the investor ecosystem to improve the usability of futures tools across the industry [3]. - The DCE is focused on promoting the integration of futures and spot markets, supporting basis trading and pricing models, and developing soybean crushing arbitrage instructions to facilitate industry participation [3].