Contango market and backwardation market

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What is the difference between a contango market and a backwardation market?

What exactly is meant by a basis?

Are there any ethical concerns that need to be addressed when using derivative instruments?

Reference no: EM13116559

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Contango market and backwardation market : What is the difference between a contango market and a backwardation market? What exactly is meant by a basis?
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