Since Ukraine is at the initial stage of legal regulation of the exchange market, the study of foreign experience in the field of agricultural commodity exchange becomes crucial. The article aims to determine ways and directions for improving the legal regulation of agricultural commodity exchange in Ukraine with consideration of foreign experience in this field. The authors of this article analyzed the world models of legal regulation of exchange trade, identified their strengths and weaknesses, and established the features of the organization of such trade and trends in the exchange market development, which can be of avail for the development of measures aimed at improving domestic legislation in this field. The authors conclude that a legislative framework for the functioning of the agricultural exchange market in Ukraine needs to consider many global trends, including state control for preventing price imbalances in the field of commodity turnover, the financing of exchange contracts as a source of investment for the agricultural sector, stimulation of agricultural production in the country, and elimination of corruption while forming state reserves. The analysis of foreign experience in the field of agricultural commodity exchange indicates the need to unify the rules and legal regulation of the organization and activities of the stock and commodity exchanges in terms of their legal status, requirements for members, and the method of organizing and conducting trades.

Highlights

• Foreign experience in the legal regulation of agricultural commodity exchange was examined.
• Financialization of exchange contracts was substantiated to be the priority direction in the exchange trading development.
• Promising areas for legislative support of agribusiness in Ukraine are agricultural market transparency and mandatory crop failure insurance.