The price of bulk commodities is fundamentally determined by the relationship between supply and demand. Including output, demand, production cost, import and export, inventory, transportation, seasonal characteristics, spot trade characteristics, policy factors, currency inflation factors, trading system factors and so on.
From the perspective of futures market, capital promotion is the direct factor, which depends on technical analysis. Price trends, positions, volume, time period, psychological factors, surrounding market environment and so on.
In fact, the futures price of bulk commodities is a reflection of comprehensive market factors, and the cycle is changing. For investors with little capital, they can choose technical analysis as the main choice. For investors with a large amount of funds, they should pay more attention to fundamental factors.