Futures price means the market price of futures contracts in a certain period of time in the future, such as three months. Therefore, futures also have the function of price discovery. Spot price follows futures price, and spot in turn affects futures price.

Look at the definition of futures in detail.

The so-called futures generally refers to futures contracts, which are standardized contracts made by futures exchanges and agreed to deliver a certain number of subject matter at a specific time and place in the future. This subject matter, also called the underlying asset, is the spot corresponding to the futures contract. This spot can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index.