The so-called futures refers to a commodity that the buyer and the seller agree to deliver at a certain time in the future. Futures traded in the futures market refers to a standard contract to buy or sell a commodity according to specified conditions. Futures trading refers to buying and selling futures contracts on commodity exchanges by paying a certain amount of margin first. Under normal circumstances, futures contracts do not involve the transfer of commodity ownership, but only the transfer of futures contract ownership, with the aim of transferring the risk of commodity price fluctuation. Those who buy futures contracts or already have cash are called bulls; On the contrary, those who sell futures contracts or will buy spot goods are called bears.

Futures are divided into commodity futures and non-commodity futures. Commodity futures generally refer to precious metal futures (such as copper), agricultural and sideline products futures (such as soybeans) and energy futures (such as crude oil), while non-commodity futures refer to futures other than commodity futures, such as stock index futures, interest rate futures and foreign exchange futures.