The futures price is the futures contract price, which is one thing. The so-called futures are futures standardized contracts, and the corresponding futures are spot, which is the subject matter you mentioned.

If the contract price of soybean 1005 on September 25th is 3,700 tons, this sentence means that the market price of soybean contract futures delivered to 10 on September 5th is 3,700 yuan per ton after the closing on September 25th, but the trading may go up or down tomorrow. The subject matter of this contract is first-class soybean, which is the quality standard stipulated by Dalian Futures Exchange.

If you are just speculating, you buy a futures contract; If you hedge and make physical delivery, you buy soybeans, futures contracts and subject matter. If you buy a contract, you buy the subject matter. If you want a theme, you deliver it; If not, close the position before delivery. At present, speculative traders are not allowed to make physical delivery, and speculative trading in the market is far greater than physical delivery. The futures market is set up to avoid long-term risks and find prices. In fact, the number of subject matter traded in futures exchanges is very small.