大商所豆粕、玉米系列期权将于明年2月2日挂牌

Core Insights - The Dalian Commodity Exchange (DCE) announced the launch of series options contracts for soybean meal and corn, starting from February 2, 2026, marking a significant innovation in China's agricultural options market [1][2] - The introduction of series options aims to provide more precise short-term risk management tools for industries, enhancing the coverage of options contracts with a full cycle of 12-month expiration [1][2] Summary by Sections Announcement Details - The series options will be available for soybean meal contracts M2607 and corn contracts C2607, with the first trading day on January 30, 2026 [1] - The series options are designed to complement existing conventional options, allowing for a "monthly expiration" market demand [2] Trading Mechanism - Series options will share the same rule system as conventional options, including trading codes and fee structures, ensuring consistency in trading practices [2] - The core characteristics of series options include a shorter lifespan of approximately 3.5 months, compared to nearly 1 year for conventional options, aligning with the short-term risk management needs of industries [2] Market Demand and Impact - There is a strong market demand for short-term options, as indicated by the active trading of near-month conventional options for soybean meal and corn [3] - The introduction of series options is expected to lower the cost of hedging for enterprises, making it easier for them to manage short-term market volatility [3] - Companies like COFCO Oilseeds have expressed that series options fill the gap for monthly expiration contracts, allowing for more flexible hedging strategies in response to raw material procurement and product sales [3]