Hello, futures speculation mainly has the following four functions in the market:

1. Take the initiative to take risks in the futures market.

2. Speculation promotes market liquidity and ensures the realization of the price discovery function in the futures market.

3. Moderate futures speculation can reduce price fluctuation.

4. Speculators in the futures market not only speculate through short-term price fluctuations, but also use the price difference changes of the same commodity or similar commodities between different exchanges at different times to carry out arbitrage transactions. This speculation makes the prices between different varieties and different markets form a more reasonable price structure.