Soybean agriculture futures in China

• Grant number: 11/14446-5
• Support Opportunities: Scholarships in Brazil - Scientific Initiation
• Start date: December 01, 2011
• End date: December 31, 2013
• Field of knowledge: Applied Social Sciences - Economics - Agrarian and Natural Resource Economics
• Principal Investigator: Pedro Valentim Marques
• Grantee: William Eduardo Bendinelli
• Host Institution: Escola Superior de Agricultura Luiz de Queiroz (ESALQ). Universidade de São Paulo (USP). Piracicaba , SP, Brazil

Abstract

Historically, China lagged to create and regulate its future markets of commodities. Nonetheless, in less than three decades of existence, the four future stocks exchange currently active in the country are among the ones which have the most volume and liquidity in the world. Located next to the soybean belt in the northeast of China, the stock of Dalian is the most important and it is the one that has had the highest rate of growth in its business in recent years in the country. With soybean contracts different from the big price settler's centers, Dalian has shown a significant correlation with the international prices of soybean that need to be analyzed with empirical studies, as well as its operation. Therefore, the focus of this project is to analyze the operation of the futures markets of soybeans in China and develop economic indicators to facilitate the studies of this country.(AU)