The price of domestic agricultural products is still like remote control

Wang-jing wave of agricultural product price revaluation of the footsteps did not because autumn grain harvest and stagnation. As of October 11 this year, the country has harvested 827 million acres of autumn grain crops, completed the area of 71.3%, the rice and one-season rice has received more than 70%, the area of corn harvest has reached more than 80%, the harvest of soybeans is also close to 90%. Agriculture Minister Han Changfu recently in Hebei Research harvest sowing work, also said autumn grain has harvested 60% this year, the harvest has become a foregone conclusion.　　At the same time, domestic agricultural prices have maintained high volatility, such as early Indica rice and other futures varieties also continued to hit the new highs since the IPO. The U.S. Department of Agriculture (USDA) Report of October's extremely positive agricultural products has become the key to the paradox. It seems that in just one months the global supply of agricultural products has suddenly tightened, only because of the USDA's sharp downward adjustment in cereal production and stock expectations, such as corn.　　Heilongjiang Soybean Association vice President Wangxiao said, market funds around the report expected hype more like a "layout", the United States of agricultural prices are often regulated by the USDA as the authority to blow the horn, with the expected changes to the market to guide, which led to a major financial impact on agricultural prices. Due to the development of the capital market, American agricultural products have formed a global industrial chain, the production, processing, sale and futures market of agricultural products are organically interspersed, and a sound price regulation system has been formed for a long time. As the birthplace of the futures market, the United States set up the world's first futures exchange, the Chicago Futures Exchange, as early as 1848, the main breed of which includes corn, soybeans, soybean oil, soybean meal, wheat and other agricultural products.　　The cultivation and sales of American farmers have been deeply dependent on the futures market, while there are also a large number of funds and other speculative forces to provide market liquidity, which are the necessary conditions for agency reports to influence market prices. At the Sino-US Agricultural Futures hedging Conference held in early August this year, a farmer from the United States said that because of the shortage of food storage space, the farm chose to use futures market hedge risk. The farmer's Farm grain storage capacity is 570,000 bushels, which is only half of farm food production.　　In the harvest season, half of the food needs to be in the futures market hedging, such as the farm's 50%~60% corn use OTC way to carry out the operation, the U.S. farmers on the futures market use. In contrast, China still lacks a modern market system for agricultural products. First of all, China's traditional agricultural products market and small-scale agricultural products wholesale market is still the main body of the market system of agricultural products, with price formation mechanism of large agricultural products wholesale market quantity is small, regional distribution is not balanced, mainly concentrated in the main agricultural production areas, a single market function. In addition, although China has also listed a number of agricultural futures, but the use of the futures market is far from the advanced economies of the standard, the futures market in the funds are often not related to agriculture speculative power. The domestic agricultural product price adjustment way is also very unitary, generally takesAgricultural products storage and dumping to regulate market prices, there is no one can guide the market direction of the authoritative reporting agency, the operation of many funds also need to see the "face" of overseas agencies. Therefore, China's agricultural products such as soybeans are affected by the external disk, are not the problem of agricultural products themselves, but the market system is not perfect.　　Wang said. After the USDA October crop supply and demand report, many people in the industry also questioned the extreme changes in the expected data, but from the market operation situation, domestic agricultural futures prices basically follow the United States to rise, still like a remote control. Since October 8, the above-mentioned report, the Chinese futures market, soybean, corn and other agricultural products prices have increased by more than 4%, individual varieties such as early Indica rice futures rose more than 7%.　　Domestic spot prices are also affected by the external plate, Heilongjiang Soybean Association data show that since the end of September this year, local soybean spot price per catty rose on average 0.1 yuan, that is, 200 yuan per ton. Wang said that the domestic prices of agricultural products rose in the harvest season, a key reason is that foreign institutions to use its impact on the futures market to export inflation to China, only our country to improve its own market system of agricultural products, especially to improve the supply and marketing system of agricultural products, can fundamentally deal with this "economic war