Because the main contract of cotton futures is the most active contract with the largest transaction volume. It is the most active contract in the market, and basically all speculators are involved. It is also said that the main contract is the contract with the largest position, because generally speaking, the contract with the largest position is also the contract with the largest transaction volume, so there is only one contract.

And some novices can't tell what the main contract is, which is actually very easy to understand. Among the existing contracts, which one has a larger turnover is the main contract. Is cotton futures 200 1 the main contract? First of all, its main contract 200 1 is not a main contract, because 200 1 is already a past contract. 200 1 means delivery in June 2020, and the contract has been delivered.

The current cotton futures contracts are CFOO7, CF009, CF0 1 1, CF1KLOC-0/,CF 103 and CF 105. CF is its trading code, and 007 refers to delivery in July 2020. Among them, the contract with relatively large turnover is CF009, so its main contract is CF009 at present. The main contract price fluctuates a little, and there are many short-term profit opportunities. Therefore, when investing, it can also be the main contract at the same time. How much does it cost to invest in cotton futures now? Take the main contract CF009 as an example. At present, its price per ton is about 1 1620 yuan, and in the process of investing five tons, we need to do at least one thing, and the total price of one thing is 58 100 yuan. However, futures adopt margin trading mechanism.

Cotton futures contract rules are as follows:

Trading variety: cotton

Trading unit: 5 tons/lot (conditional weight)

Quotation unit: Yuan (RMB)/ton

Lowest price change: 5 yuan/ton.

Last trading day: the 10 trading day of the contract delivery month.

Final delivery date: the 12 trading day in the delivery month of the contract.

Daily maximum price fluctuation limit: the settlement price of the previous trading day is +4% and the relevant provisions of the Measures for the Control and Management of Futures Trading Risks of Zhengzhou Commodity Exchange.

Contract delivery month: 1, March 579, 1 1.

Delivery grade: benchmark delivery products: domestic cotton meeting the requirements of GB1103.1-2012 "Cotton Part I: Sawtooth Fine Wool Cotton", with length uniformity U3, specific strength S3 and crimp quality P2. For details of substitutes, please refer to the delivery rules of the Exchange. Substitution premium shall be separately formulated and published by the Exchange.

Delivery place: cotton delivery warehouse designated by the exchange.

Trading hours: every Monday to Friday (except the statutory holidays in Beijing time): 9: 00 am-165438+0: 30 pm+0: 30 pm-3: 00 pm and other trading hours specified by the exchange.

Operating environment apple 13 ios 15.