The simple truth is that the futures spot is not fresh, cotton is easy to get wet, and futures will inevitably have more or less problems. In recent years, natural disasters have continued, and the national cotton output has dropped sharply, so the spot is relatively small, so it is very expensive. Futures are in danger of shrinking and depreciating for a long time, so the price is relatively low. I don't know if my answer is correct. I hope I can help you.