As a commodity, the price of wheat is also influenced by many other macroeconomic factors, such as weather, politics and international trade policy. Changes in these factors may also lead to fluctuations in wheat futures prices. Therefore, the trend of wheat futures price is very complicated. We should not only pay attention to the relationship between supply and demand, but also pay attention to other economic factors and the performance of domestic and foreign markets.
Wheat futures is a contract at a specific time and place, with a specific variety of wheat as the subject matter, and agreed to deliver at a specific time and at an agreed price. The trading opportunities provided by the futures market make the supply and demand situation dynamically balanced with the change of market demand, reducing the factors that unilaterally determine the market price.