Futures markets of soybean and soybean meal provide the approach of hedge to transfer risk for enterprises producing soybean and it's products.

Further, the paper gives the empirical research on the Herding Behavior of soybean, soybean meal and corn of the China's commodity futures market.

The empirical results show that, China's soybean futures market does not exist Herding Behavior, but the soybean and corn futures market have Herding Behavior.