Commodity futures and financial futures. Commodity futures are divided into industrial products, agricultural products and other commodities. Financial futures are mainly traditional financial commodities, such as stock index, interest rate and exchange rate. All kinds of futures trading include options trading. Commodity futures agricultural products futures: such as soybeans, soybean oil, soybean meal, indica rice, wheat, corn, cotton, sugar, coffee, pork brisket, rapeseed oil and palm oil. Metal futures: such as copper, aluminum, tin, lead, zinc, nickel, gold, silver, rebar, wire, etc. Energy futures: such as crude oil, gasoline and fuel oil. Interest rate futures: Interest rate futures refer to futures contracts with bond securities as the subject matter, which can avoid the risk of securities price changes caused by interest rate fluctuations. Interest rate futures can generally be divided into short-term interest rate futures and long-term interest rate futures. The former is mostly based on the three-month interest rate of interbank lending, while the latter is mostly based on long-term bonds with more than five years.
Because futures trading is an open contract transaction of forward delivery goods, a lot of market supply and demand information is concentrated in this market, and different people come from different places and have different understandings of all kinds of information, which leads to different views on forward prices through open bidding. In fact, the process of futures trading is a comprehensive reflection of the change of supply and demand relationship and the expectation of price trend in a certain period of time in the future. This kind of price information has the characteristics of continuity, openness and anticipation, which is conducive to increasing market transparency and improving resource allocation efficiency. Metal is one of the more mature futures products in the world futures market today. Metal futures trading in the world is mainly concentrated in London Metal Exchange, the New York Mercantile Exchange and Tokyo Industrial Products Exchange. In particular, the trading price of the London Metal Exchange futures contract is recognized as the pricing standard for non-ferrous metals trading all over the world. Copper futures trading in China Shanghai Futures Exchange is growing rapidly. The turnover of a single copper product has surpassed that of the New York Mercantile Exchange, ranking second in the world. General nonferrous metal futures are also called metal futures. Non-ferrous metals refer to all metals except ferrous metals (iron, chromium and manganese), among which gold, silver, platinum and palladium are called precious metals because of their high value.