Newsletter summary
Corn futures contract delivery standards are updated, second-class corn as the benchmark, first-class and third-class corn as substitutes, discount standard adjustment, corn with specific moisture content is not discounted, only enterprise households can deliver in kind.
Text of news flash
[corn futures contracts adjust delivery standards and substitute discounts to promote the healthy development of the market]
Corn futures contract5cardstudpokerThe delivery standard is national standard second-class corn, and first-class and third-class corn are accepted as substitutes, of which first-class corn has no rising water and third-class corn discount is 30 yuan / ton.
In normal years, domestic first-class corn accounts for more than 30%, second-class corn accounts for more than 40%, and the rest is third-class and external corn. The second class with the largest liquidity is used as the contract standard, the first class and the third class are substituted, and the discount setting reflects the spot price difference.
The delivery of corn futures contract refers to the GB1353-1999 standard implemented by the State Bureau of quality and Technical Supervision in 1999. the capacity and weight of this standard is internationally accepted, which effectively reflects the quality and value of corn.
The relevant points for attention include: first, the discount of bulk density substitutes to standard samples is reduced from 30 yuan / ton to 20 yuan / ton; second, the discount of mildew grain substitutes to standard materials is reduced from 50 yuan / ton to 25 yuan / ton; third, the new water content is between 14% and 14%.5cardstudpokerBetween .5% of the corn as a substitute, there is no discount.
Before the expiration of the corn futures contract, investors can choose to close their positions or hold on to delivery, but only enterprises can carry out physical delivery, natural person investors can not deliver.
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