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What does futures ap204 mean?
A code.

There is a difference between futures and spot, and spot generally refers to commodities that can be traded. Futures are mainly not commodities, but standardized tradable contracts for bulk products such as cotton and soybeans and financial assets such as stocks and bonds. So this goal can be a commodity or a financial instrument.

The delivery time of futures can be one week later, one month later, three months later, or one year later.