The purchase of a given delivery month of one futures market and the simultaneous sale of the same delivery month of a different, but related, futures market.
A spread that includes a long position and a short position in related commodities--for instance, a long position in silver futures and a short position in gold futures. The investor aims to profit from the changing price relationship between the commodities. See: Commodities; Futures Contract; Long Position; Short Position; Spread
A spread in which the long and short legs are in two different but generally related commodity markets. Also called an intermarket spread. See Spread.