Interpretation: From the futures contract in the delivery month to the futures contract in the next three months. Currently 100 1 contract is displayed.

Interpretation: From the futures contract in the delivery month to the futures contract in the next four months. Currently, it displays 1002 contracts.

Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with certain mass products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets.

Main features:

The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are all established and standardized, and the only variable is price.

Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading.

The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.

Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.

Minimum fluctuation price: refers to the minimum fluctuation range of the unit price of futures contracts.