According to the relevant data of Encyclopedia of MBA think tank, the impact of deflation on futures is 1. Falling prices: During the period of deflation, due to the decrease of money supply, the increase of purchasing power and the decline of commodity prices, it will also affect the futures prices related to it, thus triggering downward pressure.

2. Shrinking demand: As the purchasing power of the whole market declines due to deflation, people's consumption demand will also decrease accordingly, and the imbalance between supply and demand in the market will also affect the demand for futures, which will have a certain impact.

Deflation means that when the currency circulating in the market decreases, people's monetary income and purchasing power decrease, which affects the price drop and causes deflation.