“The so-called backwardation and contango in the coffee and cotton futures curves out to October 2025 are negligible compared to the expected move in relative prices.” ...

while the benchmark cash-to-three-month spread – having moved into backwardation for the first time since June 2023 on Friday – has now eased back to contango,” analysts at ING Group said in ...

Backwardation Signals Near-Term Risk Premium Under typical conditions, implied volatility tends to rise with expiration length, a structure known as contango. This reflects the notion that ...