Web1 day ago · CMCI is positioned further out the curve, remaining in backwardation (downward sloping). This generated an estimated 1.8% positive roll yield for CMCI while BCOM lost an estimated 1.9% during the ... WebWhen the market is oversupplied relative to demand (as it is currently), the forward curve is usually in contango; when the market is undersupplied relative to demand, the forward curve is usually in backwardation.

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The slope of the curve for futuresprices is important because the curve is used as a sentiment indicator. The expected price of the underlying asset is always changing, in addition to the price of the future's contract, based on fundamentals, trading positioning, and supply and demand. The spot priceis a term that … See more Backwardation is when the current price, or spot price, of an underlying asset is higher than prices trading in the futures market. See more Futures contracts are financial contracts that obligate a buyer to purchase an underlying asset and a seller to sell an asset at a preset date in the future. A futures price is the price of an asset's futures contract that … See more For example, let's say the there was a crisis in the production of West Texas Intermediatecrude oil due to poor weather. As a result, the current supply of oil falls dramatically. Traders and businesses rush in and buy the oil, … See more If prices are higher with each successive maturity date in the futures market, it's described as an upward sloping forward curve. This upward … See more WebApr 6, 2024 · What does Backwardation mean? A term used to describe the structure of a forward price curve. When a market is in backwardation, the forward prices are lower than spot prices. iphone se straight talk

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Web15 hours ago · Limited supply tightness in the region is also apparent from softer backwardation, where the spot or cash price is higher than the forward price, in the ICE gasoil futures curve. WebJun 20, 2024 · Roll yield is positive when a futures market is in backwardation, which occurs when a futures contract trades at a higher price as it approaches expiration, compared to when the contract is... WebApr 14, 2024 · The prompt premium is also on the wane, with easier delieveries, therefore a flattening forward curve and decreasing backwardation, especially on the lower-quality grades. Overall marcro energy demand information is inconsistent, with conflicting readings of US economoic & employment data, and it being the shoulder season between holidays ... iphone se stand for