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How is the price of futures determined? It is said that the delivery date will tend to the spot price, which is basically the same as the spot price. What about this spot price?
The futures price is determined by both parties to the futures contract; That is, continuous bidding decision;

Spot price is the spot market price. For eggs, it is the direct selling price, but the statistics are the average price of a certain place.

In the delivery month, the futures prices and spot prices in Henan, Hebei, Shandong and other places tend to be consistent, and there are discounts in Guangdong, Shanghai and Beijing.

Spot price = futures price+premium