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What do you mean by 1 1 03?
New york raw sugar futures are divided into 1 1 and 14. 1 1 became an "international sugar contract"; 14 is also called "domestic sugar contract". That is, the restrictions of investors are different. In addition, the delivery months of raw sugar number 1 1 are 3, 5, 7, 1 1 respectively.

03 is the contract for delivery in March. March 2009 has passed, and now 03 represents the contract of 65438+March 2000.

The upstairs said 1 1 will be delivered in March, so when it arrives at 12, the original sugar 1 1 will be renamed as 12?