Contango
	• Is the normal or carrying charge structure for a commodity market. It lists progressively higher prices for the more distant delivery months. This progression in prices reflects implicitly cumulatively higher storage and financing costs.
	• A market condition in which futures prices are higher in the distant delivery months.
	Embedded terms in definition
	Carrying charge Commodity Delivery month Delivery Futures price Futures Market Prices
	Referenced Terms
	Backwardation: A market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. This situation may occur in when the costs of storing the product until eventual delivery are effectively subtracted from the price today. The opposite of co tango.Is the market condition whereby the deferred or more forward delivery months are at a progressive discount to the spot or nearby month. This is also known as an inverted market. This is opposite to a Contango or carrying charge market.
	Inverted market: A futures market in which the nearer months are selling at price premiums to the more distant months. Related: premium.Is the market condition whereby the deferred or more forward delivery months are at a progressive discount to the spot or nearby month. This condition is marked by premiums for immediate or nearby deliveries. This is also known as a backwardation market. This is opposite to a Contango or carrying charge market.

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