Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “contango”

contango

noun [U]
 
 
/kənˈtæŋɡəʊ/
FINANCE, STOCK MARKET a situation in which the price of a commodity (= a product such as oil or a metal that is traded in large quantities) is higher if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately: The price slump would create conditions of contango, where massive current supply puts the spot price below the futures price. Much of the commodity market is at present in contango. → Compare backwardation
(Definition of contango from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of contango?
Add Cambridge dictionaries to your browser to your website

Word of the Day

blueprint

a photographic copy of an early plan for a building or machine

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More