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伴随着我国社会主义市场经济制度的确立与完善,我国的期货交易市场也已经初步形成。在这一过程中,大豆期货交易市场已经成长为非常重要的部分。尤其是对于我国大豆现货市场中的价格变动、供需矛盾等方面的影响有着非常重要的作用。在国内有很多知名学者都一直在努力研究大豆期货市场中的价格关系变动与大豆现货市场中的风险规避问题以及存在的基本关系,并且已经初步取得了一定的进展。但我国大豆期货市场与现货市场中具有多种关系变动因素,因此需要从两个市场之间的特点与价格形成机制来进行研究,从而能够更加直观的来展现我国大豆期货市场与现货市场之间价格波动所产生的影响。基于协整理论来针对这俩个市场之间的价格短期互动产生的影响进行进一步的探究。
With the establishment and perfection of China’s socialist market economic system, China’s futures market has also been formed. In this process, the soybean futures market has grown into a very important part. Especially for China’s soybean spot market price changes, supply and demand conflicts and other aspects has a very important role. Many well-known scholars in China have been trying hard to study the relationship between price changes in the soybean futures market and the risk aversion in the soybean spot market, as well as the existing basic relations, and some preliminary progress has been made. However, the soybean futures market and the spot market in our country have a variety of factors that change the relationship between the two markets need to study the characteristics and price formation mechanism, which can be more intuitive to show the gap between China’s soybean futures market and the spot market The impact of price fluctuations. Based on cointegration theory to further explore the impact of the short-term price interaction between the two markets.