There are two functions: (1) price discovery function; (2) Risk management function.

Function: (1) can reduce or avoid the high cost of China due to the lack of futures market in developed countries;

(2) Because the price information in the spot market of agricultural products is short-term and only reflects the supply and demand situation at a certain moment, China's agricultural futures market can reduce the lag derived from this feature;

(3) Futures prices have played the role of benchmark prices, and the domestic agricultural futures market has become the domestic pricing center.