Antonyms for contangocon·tan·go

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1. contangonoun

   Antonyms:
   backwardation

2. contangonoun

   The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.

   2005: most of these other commodities are generally in contango Futures Industry Magazine

   Antonyms:
   backwardation

3. contangonoun

   2003: Normally new buyers would go after the March silver contract, especially with such a small contango. Bill Murphy, Kitco Bullion Dealers

   Antonyms:
   backwardation

How to use contango in a sentence?

1. Nabil Naccoul:

   Given the contango, those who hedged the calendar year have done better. Producers are doing more calendar hedging and right now as hedging the front doesn't make any sense because of the shape of the curve, if you're confident that current prices and the shape of the curve are here to stay, then it makes sense to hedge at these levels.

2. Bjarne Schieldrop:

   Reports of unsold physical cargoes in the North Sea combined with a Brent crude oil contango that shows no signs of tightening are a warning that the market is currently not tightening up into the high demand season as one should expect.

3. Jose Larocca:

   The emergence of contango price structures created significant opportunities, we responded by aggressively expanding our access to storage capacity around the world and using our logistical assets to maximum advantage in support of our trading activity.

4. Jim Ritterbusch:

   We've seen that front May-June spread in WTI swing back into contango today. And that's somewhat of a bearish...it implies a continued up trend in Cushing crude supply, there's not much volatility today, as we wait for API and EIA data.

5. Tariq Zahir:

   The big surprise was in the product markets where there were builds in both gasoline and heating oil, while we are witnessing a momentum trade in spot crude helped by the weakness in the dollar, the forward curve remains in contango with the build in the product markets.

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