玉米产业链新形势、期现操作模式及建议  

New Situation,Combined Operation Mode of Futures and Spot,and Suggestions of Corn Industry Chain

作　　者：王硕 周欣[1] 沈英 张柴 WANG Shuo;ZHOU Xin;SHEN Ying;ZHANG Chai(Dalian Commodity Exchange,Dalian 116000,China;Dongbei University of Finance&Economics,Dalian 116000,China)

机构地区：[1]大连商品交易所,大连116000 [2]东北财经大学,大连116000

出　　处：《中国证券期货》2025年第2期21-26,共6页Securities & Futures of China

摘　　要：2023年,我国呈现玉米产量明显增长、饲料消费量增加、国际进口量增加且来源多元化、供求向基本平衡格局转变、玉米贸易企业数量多且散、全产业链企业面临亏损,但期现结合经营企业优势显现等形势。玉米市场的新变化,推动产业链企业深度思考如何通过期现结合提升持续经营能力,为玉米期货更深入服务产业链带来成熟时机。本文系统地总结了2023年玉米产业链新形势、期现结合实际操作模式,梳理出相关问题并针对性地提出建议,旨在提升玉米市场期现结合水平,推动玉米期货更好地服务产业链稳定发展。In 2023,China’s corn production increased significantly,feed consumption rose,international imports grew and sources diversified,and the supply and demand situation shifted towards a basic balance.There are many scattered corn trading enterprises,and enterprises throughout the entire industrial chain are facing losses,but the advantages of those combining futures and spot trading have emerged.The new changes in the corn market have prompted enterprises in the industrial chain to deeply consider how to enhance their sustainable operation capabilities through the integration of futures and spot trading,providing a mature opportunity for corn futures to serve the industrial chain more deeply.This article systematically summarizes the latest situation of the corn industrial chain in 2023,the actual operation models of integrating futures and spot trading,sorts out related problems and puts forward targeted suggestions,aiming to improve the level of integrating futures and spot trading in the corn market and promote the better service of corn futures to the stable development of the industrial chain.

关 键 词：玉米产业链 期现 基差 

分 类 号：F326.11[经济管理—产业经济]