Commodity exchange

Commodity exchange

Industry: Financial services

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Commodity exchange

grading certificates

Financial services; Commodity exchange

A formal document setting forth the quality of a commodity as determined by authorized inspectors or graders.

booking the basis

Financial services; Commodity exchange

A forward pricing sales arrangement in which the cash price is determined either by the buyer or seller within a specified time. At that time, the previously-agreed basis is applied to the ...

A futures market in which the nearer months are selling at prices higher than the more distant months; a market displaying "inverse carrying charges," characteristic of markets with supply shortages. ...

full carrying charge market

Financial services; Commodity exchange

A futures market where the price difference between delivery months reflects the total costs of interest, insurance, and storage

pulpit

Financial services; Commodity exchange

A raised structure adjacent to, or in the center of, the pit or ring at a futures exchange where market reporters, employed by the exchange, record price changes as they occur in the trading pit.