What is Backwardation and Contango in Futures Markets?

What is Backwardation and Contango in Futures Markets?

Published: September 19, 2026

Duration: 7:44

What is Backwardation and Contango in Futures Markets?

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Contango and backwardation are terms often used within commodity circles. These terms refer to the shape of the futures curve of a commodity such as gold, silver, wheat or crude oil. A futures curve can be plotted on a chart of a particular contract...