The financial definition for Commodity futures contract:
An agreement to buy a specific amount of a commodity at a specified price on a particular date in the future, allowing a producer to guarantee the price of a product or raw material used in production.
Similar Matches
Cash commodity
Cash commodity The actual physical commodity, as distinguished from a futures contract.
Commodity
Commodity A commodity is food, metal, or another fixed physical substance that investors buy or sell, usually via futures contracts.
Commodity backed bond
Commodity backed bond A bond with interest payments tied to the price of an underlying commodity.