delivery month

Heating oil was higher for nearly all later delivery months.

All other delivery months fell their permitted limit of 5 cents.

In the crude oil market, contracts for later delivery months also fell, though by smaller amounts.

One reason, they said, was that the new spot delivery month for corn, wheat and oats is September.

Home heating oil was higher for all delivery months, with the December contract up 0.79 cent, at 85.24 cents a gallon.

There will be a different basis for each delivery month for each contract.

The price for the far more active delivery month, March, rose 5.30 cents, to $1.143 a pound.

There is a different price factor for each eligible bond and for each delivery month.

Later delivery months for gasoline closed higher.

Even when spot prices did rise, the price of oil for delivery months or years later did not rise very much.

But first-notice-day impacts only on the spot, or nearest, delivery month."

No public trader can hold a long futures contract into the delivery month without putting up a lot more money than the standard good-faith margin.

Unleaded gasoline for December fell 0.97 cent a gallon, to 83.75 cents, with other delivery months mixed.

Traders said the distant delivery months were also burdened by favorable conditions for field work in much of the soybean belt.

Unleaded gasoline dropped for all delivery months, with January contracts down 0.74 cent at 66.68 cents a gallon.

It is because of these distortions that many exchanges will not operate price limits during the delivery month of the contract.

An inverted market exists when the opposite occurs, that is, the current price is lower, the more distant the delivery month.

May wheat closed 65 cents a bushel lower at $6.515, with subsequent delivery months down the 20-cent daily limit.

For contracts specifying cash settlement, the delivery month is the month of a final mark-to-market.

This table lists the conventional letter codes used in tickers to specify delivery month:

Spreading, also referred to as straddling, involves the simultaneous purchase and sale of different delivery months in one or more futures markets.

But hopes of some future export business in corn limited losses in the nearby delivery months for that commodity, traders said.

A normal market occurs when the current prices of contracts for different delivery months are higher, the more distant the delivery month.

However, a minimum of two delivery months must be used to calculate the current price, even if the second contract is outside of the six-month window.

The delivery month.