Why do futures have short-term contracts and long-term contracts? Is there a risk of forced liquidation of the recent contract? Can't we just buy a forward contract?
The so-called near-term contract or forward contract is actually related to its delivery date. For example, the soybean meal contract 1305 is the soybean meal contract 13 to be delivered in May. If the investor is an individual investor or does not intend to deliver the goods in May of 13, the liquidation shall be carried out before the delivery date approaches. In addition, the loss you mentioned has nothing to do with the recent contract, but with your deposit. As said downstairs, if your loss exceeds your margin, it will explode and the futures company will balance you.