A contract to buy or sell commodities at a fixed rate before a date. The terms are in quantity, quality, and delivery time. The price is chosen based on demand. They are resold as closeouts. AKA security futures.
COMMODITY FUTURES
A contract to buy or sell commodities at a fixed rate before a date. The terms are in quantity, quality, and delivery time. The price is chosen based on demand. They are resold as closeouts. AKA security futures.