What is "Contango"?

I was reading about futures contract and came across this term. Let's learn a new term today if you are as clueless as I am.


Spot Price 
refers to the current price in the marketplace at which a given asset such as a security, commodity or currency can be bought or sold for immediate delivery. [Read more: Spot Price https://www.investopedia.com/terms/s/spotprice.asp#ixzz5JySqDbUL]


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