The main clause of China wheat futures contract is that wheat is the most important thing in China's grain system. It is a kind of commodity grain with rich nutrition and high economic value. A futures contract is an agreement in which the buyer agrees to receive assets at a specific price after a specified time, and the seller agrees to deliver assets at a specific price after a specified time. The price that both parties agree to use in future transactions is called futures price. The designated date on which both parties must conduct transactions in the future is called settlement date or delivery date. The assets that both parties agree to exchange are called the subject matter.