Research on Investment in China's Soybean Futures Market - Taking Soybean No.1 Futures Contract as an Example

Abstract

The Chinese futures market has made significant breakthroughs in the past few years. As the operating mechanism and market norms of China's futures market gradually improve, the Chinese futures market is becoming increasingly active. Soybean futures prices have seasonal volatility, this has attracted a large number of investors, but most futures investors lack professional investment analysis skills. This article will provide investment advice for soybean futures investors, and assist them in making appropriate decisions in investment. This article mainly summarizes the market trend of Douyi Main Company in 2023. This article first conducts a market analysis of the price trend of Douyi Main Company over the past year, describing its price trend for the year. Subsequently, this article conducts a fundamental analysis of the soybean futures market, exploring how various influencing factors have an impact on the price trend of soybean futures in 2023.  Subsequently, this article summarizes the influencing factors of soybean futures price fluctuations through fundamental analysis results, the influencing factors include the status of domestic soybean spot inventory in China, prices of alternative agricultural products, and international market prices of soybeans. Finally, this article conducts market prediction and investment value analysis based on fundamentals, and provides investment recommendations for investors, this article predicts that the fundamentals of soybean futures will remain bearish in 2024, and their prices may further decline. Therefore, this article suggests that investors can consider short-selling near-month contracts and closely monitor market changes to close positions at the appropriate time.