Corn futures and forward futures traded in China belong to futures, and forward futures are relatively flexible. The disadvantages are low efficiency of forward futures market, poor liquidity of forward contracts and high default risk of forward contracts.

Corn futures trading has the characteristics of fairness, justice and openness, and the market transparency is high. The formed corn price is the pricing benchmark in international trade, which makes the corn futures market the basis for the rational allocation of resources in the country.