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What does cotton in futures mean?
The essential difference between (1) 1 cotton futures contract and No.2 cotton futures contract lies in the different delivery places.

One or two contracts; Basically, it means that the place of origin or delivery of the subject matter of futures is different. Such as: bean one; Jidu

(2) At present, the transportation of commodity futures depends on railways (domestic); Because Mianer's main producing area is in Xinjiang; And existing capacity; Only cotton farmers are sent to and from Xinjiang every year; It's already hard; The main consumers of cotton are sometimes on the southeast coast. The cotton delivery warehouse is located in the main producing area or distribution center, and distributed on the main railway lines such as Beijing-Guangzhou, Longhai and Beijing-Kowloon. The distribution cost is too high; So the transaction of cotton 2 was light.