Core Viewpoint - The Dalian Commodity Exchange (DCE) is set to launch series options contracts for soybean meal and corn on February 2, 2026, marking a significant innovation in China's agricultural options market, aimed at providing more precise short-term risk management tools for the industry [1][3]. Group 1: Series Options Introduction - Series options will be listed based on existing conventional options contracts, with the first contracts being soybean meal M2607 and corn C2607 [1]. - The DCE has revised its options trading management rules to accommodate series options, which will be listed five months before the delivery month and expire two months prior to the delivery month [2]. Group 2: Market Demand and Features - The series options are characterized by a shorter lifespan of approximately three and a half months, compared to nearly one year for conventional options, aligning with the industry's short-term risk management needs [3]. - There is a strong market demand for short-term options, as conventional options often have longer expiration periods and higher premiums, which can hinder effective hedging for businesses [3]. Group 3: Industry Impact - The introduction of series options fills the gap for monthly expiration contracts, allowing companies to conduct more flexible hedging operations related to raw material procurement and product sales [3]. - The DCE's options market has been stable since the first options tool was launched in 2017, with the introduction of series options being a response to market needs and an effort to enhance service to the industry [3][4]. Group 4: Future Plans - The DCE plans to prepare for the listing of series options contracts and will focus on market cultivation and investor education to enhance understanding and participation in options trading [4].
产业避险再添新工具 大商所豆粕、玉米系列期权将于2026年2月2日挂牌
Xin Hua Cai Jing·2025-10-31 09:24