oboloo Glossary

Contango

oboloo Glossary

Contango

Contango Definition

Contango is a situation where the future price of a commodity is higher than the current spot price. The term contango comes from the fact that in normal market conditions, the forward or futures price usually trades at a discount to the spot price. When the futures price is above the spot price, it is said to be in ‘contango.’

Share on Social Media

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

The smarter way to have full visibility & control of your suppliers

Resources

Charities/Non-Profits

FAQ’s

Service Status

Release Notes

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971

Terms

Sustainability

Equality, Diversity & Inclusion

Modern Slavery