The price level for shipments of standard quality coffee, established on the floor of a futures exchange. Go to top
the price of a given commodity unit determined by public auction on a futures exchange and regularly published in public media.
The price of a particular futures contract determined by open competition between buyers and sellers o the trading floor of the exchange.
(1) Commonly held to mean the price of a commodity for future delivery that is traded on a futures exchange. (2) The price of any futures contract.
The price of a given commodity unit determined at public auction by open outcry on a futures exchange.