DefinitionThe Baltic Dry Index, is issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter...
DefinitionNormal backwardation, also sometimes called backwardation, is the market condition wherein the price of a commodities' forward or futures contract is trading below the...
DefinitionA market trend is a perceived tendency of financial markets to move in a particular direction over time. These trends are classified as secular...
DefinitionContango is a situation where the futures price of a commodity is higher than the anticipated spot price at maturity of the futures contract....
DefinitionA calendar effect is any market anomaly or economic effect which appears to be related to the calendar. Such effects include the apparently different...