word

Commodity Futures

kuh-MOD-ih-tee FYOO-cherz

/kəˈmɒdɪti ˈfjuːtʃərz/

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Syllable breakdown

commodityfutures

Dictionary meaning

Standardised financial contracts obligating the buyer to purchase, or the seller to sell, a specific commodity (such as wheat, corn, or coffee) at a predetermined price on a specified future date; used for price risk management (hedging) and speculation.

Examples

Commodity futures allow grain farmers to lock in a selling price months before harvest, reducing income uncertainty.

Synonyms: agricultural futures, futures contract

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