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What does the futures cotton 100 1 cotton 1003 mean?
The essence of futures is to sign a sales contract.

Cotton 100 1 cotton 1003, etc. Refers to the expiration time of the contract.

The first two digits of the four digits are the year and the last two digits are the month.

Cotton 100 1 is a contract due for delivery (delisting) on 20 10, and cotton 1003 is a contract due for delivery (delisting) on March 20 10.

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