This option: the futures contract cannot be extended when it expires. For individuals, it must be closed. If it is unfair, the exchange will give it a strong level. If a legal person can send it, it will be sent, and if it is not sent, it will be strong.

You need to sell the current period and buy the next period.

Futures contracts are the objects of futures trading. It is through buying and selling futures contracts on futures exchanges that participants in futures trading transfer price risks and get risk returns.

Futures contracts are developed on the basis of spot contracts and spot forward contracts, but their most essential difference lies in the standardization of futures contract terms.

Futures contracts traded in the futures market are standardized in the quantity, quality grade, delivery grade, premium standard of substitutes, delivery place and delivery month, which makes futures contracts universal.

In the futures contract, only the futures price is the only variable, which is generated by public bidding in the transaction.