Soybean meal, as the largest and most active agricultural product futures in China, involves a wide range of industries and a wide range of industries. After the Sino US trade friction, the raw material cost of soybean meal has risen, and the price fluctuates greatly. It is important to explore the impact of trade friction on the price discovery function of Chinas soybean meal futures, which will improve the efficiency of Chinas soybean meal futures market and promote it to better serve the real economy. significance. This article compares the discovery function of soybean meal futures market before and after the Sino US trade friction, and analyzes the reasons for the difference. Co integration test, causality test, variance decomposition, and PT IS model are used to analyze the soybean meal futures and spot prices from 2014 to 2020. The empirical results show that, in general, the soybean meal futures market plays a leading role in the price discovery process, but trade The price discovery function in the period after the friction occurs is relatively weaker than in the previous period. Finally, specific suggestions are put forward in terms of improving the structure of market participants and the information disclosure system. Zhang Jiayu | Zhang Yuan "Analysis of Soybean Meal Price Discovery Function in China" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47601.pdf Paper URL : https://www.ijtsrd.com/home-science/food-and-nutrition/47601/analysis-of-soybean-meal-price-discovery-function-in-china/zhang-jiayu
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