A Comparative Study Of Agricultural Product Futures Market Between China And USA

In recent years, China’s agricultural products prices volatile has attention of all people in our country,this is related to our country agricultural product market development lag.The agricultural product futures market and spot market are complementary Full-blown agricultural products spot market is the prerequisite for the development of the agricultural product futures market,and the development of agricultural product spot market needs regulation and guidance of agricultural product futures market.After20years development,China’s agricultural futures market is adapt to China’s rapid economic development,can partly resolve the agricultural product market risks.In comparison,The United States of America futures market has150years of development history,can effectively resolve the agricultural product market risks,the reasonable configuration of resource of agricultural products,to strengthen the global voice on agricultural products market. And improved the international competitiveness of America agricultural products spot and futures.based on the huge influence of US,futures market on the world.it guides futures price in China. This paper is with market mechanism more mature American futures market as comparison object.Through the comparative analysis about China and USA agricultural products futures market in several aspect,such as the origin and development of agricultural products futures market, agricultural products futures listed species,investor participation,supervision system and the current development status of China’s Futures Company and so on, we can recognise there are some question in our agricultural products futures market, China’s futures market participants are not reasonable, speculators proportion is higher.China’s regulatory system of self-regulation is weak,and mor government interference. Agricultural products futures varieties listed speed is slow, so futures contracts varieties is lack. These conditions lead to the agricultural product futures market can not cater the demand of the market. Learn from the experience of American’s mature market,and combined with the development of China’s market, This paper put forward the corresponding policy suggestions according to the conclusion. Improve the investor structure of agricultural products futures in China,at first,we should conduct propaganda and education on farmers and establish efficient agricultural cooperatives, so that the farmers groups to participate in the agricultural product futures market. Secondly, encourage large institutions to join the futures market. Excessive speculate activities should be properly suppressed. We should increase the agricultural product futures market varieties listed speed, perfect futures legal system, improve the self-discipline supervision status. To improve the trading methods and tools and correctly guide the investors to longterm transaction. Thtough the various aspects of continuous improvement,China’s agricultural product futures market hedging and price discovery function to play a more effective.The healthy operation of agricultural product futures market can promote the stable development of the stock market.