THE USE OF FINANCIAL INSTRUMENTS IN THE GRAIN MARKET

Issue № 8, 2017, article № 5, pages 30-38

Section: Agrofood market

Language: Russian

Original language title: ИСПОЛЬЗОВАНИЕ ФИНАНСОВЫХ ИНСТРУМЕНТОВ НА ЗЕРНОВОМ РЫНКЕ

Keywords: GRAIN MARKET, GRAIN DERIVATIVES, TRADING PROCESSES, COMPARATIVE ANALYSIS

Abstract: The condition of the grain market is a peculiar indicator of quality of the economic reforms undertaken in the country and implementation of the programs aimed at the development of agro-industrial complex of the country. The economic situation of the country in the world market, efficiency of interaction with other countries in many respects depends on the level of development of the agrarian direction which key element is production and processing of grain. The relevance of a research is caused by insufficient study of questions of use of financial instruments in the grain market. Article purpose is a research of mechanisms of grain trade and insurance of branch risks. Problems of the market of grain are divided into four components: land question; problem of sale of grain and insurance of risks; export problem; problem of quality of grain. Comparison of derivatives of the Russian stock market and the leading world grain exchange is carried out. For the comparative analysis of the organization of trade the leading exchanges organizing trade in futures and options for wheat have been chosen. The factors exerting impact on the cost of the Russian futures for grain are defined. The conclusion is drawn that the specification of the Russian futures practically copies foreign analogues. The analysis of the Russian quotations of grain futures has stood on speculative hind legs of the most part of future transactions with grain, weak interrelation between the national market of grain futures and foreign, lack of interrelation between the stock market and the market of grain futures, existence of a seasonal component in a dynamic number of quotations of futures for grain. It is proved that for development of grain futures in Russia all necessary conditions are created. The future for grain will allow reducing considerably price risk of participants of the grain market. In article recommendations about optimization and regulation of trade in grain are offered.

Authors: Nazarova Varvara Vadimovna