Generally, the longest is one year. Because the delivery time of futures is generally one month, three months and one year, futures are based on a one-year cycle. Not all futures contracts have a duration of one year, while sugar futures have a duration of two years, and the contract delivery months are 1, 3, 5, 7, 9, 1 1.

future

The English name is Futures, which is completely different from the spot. Spot is actually a tradable commodity (commodity), and futures are mainly not commodities, but standardized tradable contracts with certain mass products such as cotton, soybeans, oil and financial assets such as stocks and bonds as the target. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

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