Why is the price of a new futures contract sometimes so different from the price of the previous contract at the beginning?
The price of futures is an expected price, and the farther the delivery date of the new contract is from now, the greater the spread.
Generally, the delivery date of the new futures contract is one year different from the delivery date of the previous contract (for example, after the delivery of the 1005 contract, the new contract is 1 105), so the difference is so much.