Futures is a kind of contract transaction, that is, you take money to a place to ensure that you buy a commodity that can only be concluded later. For example, you need to buy 1000 tons of wheat in June next year. Will you buy the real thing now? If you buy it, you have to put it in the warehouse. At this time, you can go to the futures company to buy an annual contract of 65438+ 10. Delivery will be made in January. Generally speaking, investors are speculative, do not need to make delivery, and hedge with others.