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Who can explain what is "up and down" in a popular way?
Premium refers to the level of price when comparing prices. The high price is called premium, and the low price is called premium. For example, the price of futures soybean is 3000, while the price of spot soybean is 3 100, so the spot premium is 100 and the futures premium is 100. This is just an example, in short, it is another way to express the price level when comparing prices.