TeachMeFinance.com - explain Future
Future -- A contract the fulfilment of which is not required
until a specified time in the future. Most of the dealings in
grain, especially wheat, corn and oats, and in cotton and
coffee, are in futures. A future is designated by the name of
the month in which it matures. For instance, July grain r
cotton or coffee sold in January (or in any month before July)
is deliverable in July.
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