Contango versus "normal contango"??
Is there a difference between contango and “normal contango” Not sure how the last response to this question is wrong and I generally thought futures curves did not imply much of anything about expected future spot prices but rather current supply/demand dynamics and cost of carry, etc
Which of the following best describes a normal contango environment?
The expected future spot price is less than the futures price.
The spot price is greater than the futures price.
The expected future spot price is greater than the futures price.
The spot price is less than the futures price.
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