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Chris Jones@cjones47.bsky.social |
I'm an idiot when it comes to commodities, and I learned a new term today. Contango: refers to a situation where the futures price of an underlying commodity is higher than its current spot price.
5 replies 0 reposts 5 likes
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Chris Jones
@cjones47.bsky.social
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Lumber is currently in a huge contango, apparently.
0 replies 0 reposts 0 likes
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Bill Jank
@billjank.bsky.social
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Contango is a good time to have a mostly empty lumber yard.
1 replies 0 reposts 1 likes
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Cliff Elliott
@cliffe.bsky.social
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Wait until you learn contango’s elegant, poetic antonym
0 replies 0 reposts 1 likes
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George Pearkes
@peark.es
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The thing about commodity curves is they’re just yield curves with a fake mustache and goofy glasses.
2 replies 0 reposts 12 likes
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The Achiever formerly known as Karl
@urban-achiever.bsky.social
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Pork bellies during Covid. Contango happens with commodities that have a long lead time. Like lumber or other things that have to grow.
2 replies 0 reposts 1 likes