Theoretical futures prices mainly include:

1. The theoretical futures price of a commodity. The theoretical futures price of a commodity refers to the theoretical price of a commodity futures contract. Its composition still needs to be based on The value of the commodity contained in the contract is used as the basis. Therefore, the theoretical price of commodity futures is composed of the production cost of the commodity, futures transaction costs, futures commodity circulation costs and expected returns.

2. Theoretical futures prices of financial instruments. The theoretical futures prices of financial instruments refer to the theoretical prices of financial instrument futures contracts, which include the theoretical prices of foreign exchange futures, interest rate futures and stock price index futures contracts.

Theoretical futures price refers to the theoretical price of the commodities (including financial instruments) contained in the futures contract. Theoretical futures price is the basis of futures transaction value.