TeachMeFinance.com - explain Spot market
Spot market The term 'Spot market ' as it applies to the area of agriculture can be defined as ' A public or open marketplace (such as open exchanges or auction houses) where products (including agricultural products such as livestock, grain, cotton, etc.) are bought and sold. The Minneapolis Grain Exchange and the now defunct National Cheese Exchange are examples. Spot also refers to a maturing delivery month of a futures contract'.
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