Good demand for domestic stock index futures
Domestic stock index futures closed higher onWednesday, with the contract for December, the most actively traded, up 0.74 percent to close at 3,229.6 points. The January contract went up 1.84 percent to end at 3,270.4 points. TheMarch 2015 contract rose 2.19 percent to finish at 3,300 points. The June 2015 contract closed 1.95 percent higher at 3,307 points. The stockindex contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market. The index futures was launched at the China Financial Futures Exchange and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points. stunted plant growth. That was followed by a period of unusually heavy rains in September, which hurt crop quality along the Yellow River Basin, according to DrewLerner, the president ofWorldWeather Inc in Overland Park, Kansas. A smaller domestic crop means the country, the top consumer, may buy more from overseas, helping to erode global inventories that have swelled to a record level.