In backwardation, the spot cost of an asset is better than its potential costs. This often transpires when demand for speedy supply outweighs supply. Backwardation and contango are terms used to explain the pricing framework of futures markets, specially the relationship among spot price ranges and futures deal selling prices. https://devinvfofs.blogacep.com/44018363/5-easy-facts-about-resource-scarcity-described