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This video by explains what a trader means when they say that a market is in contango.

<iframe frameborder="0" scrolling="no" width="600" height="355" src="http://www.khanacademy.org/embed_video?v=C3KlN5kTWAs"></iframe>

Contango From Trader Perspective

Commodities

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Contango From Trader Perspective

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