It refers to the contract that the seller will deliver a commodity to the buyer at a certain time and place in the future.

There are roughly two kinds of participants in futures trading:

First, for the purpose of hedging, avoid the loss of traded goods due to price changes;

The other is that both buyers and sellers are short speculators who expect the price to rise or fall, but seek the difference between the two transactions.

Many countries in the world are allowed to enter the field of futures trading. Futures trading is not limited to physical objects, but also includes financial assets such as securities, foreign exchange and commercial paper.