Futures price refers to the price of the subject matter of futures contracts formed through open bidding in the futures market.
Supplementary introduction:
Futures, usually futures contracts, are contracts. A standardized contract made by a futures exchange to deliver a certain amount of subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, 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. Futures trading is an inevitable product of the development of market economy to a certain stage. Futures trading is the activity or behavior of buying and selling futures contracts.