Russell Betty, managing director of the Chicago Mercantile Exchange Group and head of the Asia Pacific region, said at the 19th International Conference on Oils, Fats, and Agriculture and Livestock Industry Conference that the two sides have established a lasting partnership since the first MOU was signed in 2003. He pointed out that the two markets complement each other and jointly provided market participants with a complete picture of global and local prices for soybeans and their pressed products. On the basis that both markets are deep, highly liquid, and trustworthy, the management of pressing profits through CBOT soybean futures and large commercial soybean meal and soybean oil futures has become a widely used hedging strategy in the industry. Russell Betty said that CME would be happy to see Dasang open up its soybean product line to overseas traders. This move meant more participants, stronger liquidity, and higher price integrity for Dashang's entire soybean product market, benefiting all traders and strengthening the link between domestic prices and global prices, which was a landmark. China is the world's largest importer of oilseeds and the world's second-largest economy. It is opening up, deepening, and connecting with the world at an astonishing speed. In this context, CME Group values the Chinese market and hopes to continue to strengthen cooperation with major merchants, share expertise on market structures, and explore ways to work together to serve market participants.

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