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Discover Ludwig"futures contract" is a correct and usable phrase in written English.
You can use it to refer to a contract between two parties to purchase a certain amount of a commodity or financial instrument at a predetermined price at a future date. For example, "The investor had a long futures contract on gold for delivery in six months."
Dictionary
futures contract
noun
A standardized contract, traded on a futures exchange, to buy or sell a standardized quantity of a specified commodity (or financial instrument) of standardized quality at a certain date in the future, at a price (the futures price).
Exact(60)
This is what a futures contract looks like.
I wanted to show you another futures contract.
Buying the March futures contract versus selling the April futures contract reflects a bullish view on winter gas.
For purposes of this title, a securities futures contract shall not be treated as a commodity futures contract.
Ever trade an energy stock or a futures contract?
Thus, clearinghouses should demand a lower margin for a futures contract than an economically-equivalent swap.
A futures contract is really only a forward traded on an exchange.
A futures option is an option based on a futures contract.
The exchange specializes as a marketplace for the Oman crude oil futures contract.
L. 97 448, § 105(c)(4), inserted "(other than a commodity futures contract to which section 1256 applies)" after "acquired in satisfaction of a commodity futures contract".
L. 107 147, § 412(d)(1)(B)(i), substituted "sale, exchange, or termination of a securities futures contract" for "sale or exchange of a securities futures contract".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com