What does the futures term "point" mean?
Commodity futures are based on ton prices, such as corn with relatively small fluctuations. Current price 1300. If more than one order is entered at 1300, then the current price is 1280, that is, 20 points are quilted. Of course, the jump price of each variety is different. Foreign exchange, if the current price of the euro against the US dollar is 1.2308, it will fall to 1.2306 in five minutes, that is, it will drop by two points. Simply put, the price of a commodity futures fluctuates by one yuan. For example, if you buy 1 hand of corn per ton 1300 yuan and sell it at 1302 yuan, you will earn two points. For example, if you sell 1300 yuan and open at 1298 yuan, you will lose two points.