"Contango beschreibt eine Preissituation bei Warentermingesch\u00E4ften. Bei Contango liegt der Terminpreis \u00FCber dem zu erwartenden Spot-Preis bei F\u00E4lligkeit / Verfall des Terminmonats (Liefertermin in der Zukunft), was ein normaler Markt darstellt." . "Contango beschreibt eine Preissituation bei Warentermingesch\u00E4ften. Bei Contango liegt der Terminpreis \u00FCber dem zu erwartenden Spot-Preis bei F\u00E4lligkeit / Verfall des Terminmonats (Liefertermin in der Zukunft), was ein normaler Markt darstellt. Die Futures Kurve ist daher typischerweise nach oben (unten w\u00E4re Backwardation) gerichtet, da die Terminkontrakte somit bei h\u00F6heren Preisen - infolge Lagerkosten - gehandelt werden.Lagerkosten \u2013 die Gesamtkosten der Lagerung eines Rohstoffs, von Lagergeb\u00FChren \u00FCber Versicherungskosten bis hin zu Zinsen und Schwund \u2013 sind ein wichtiger Grund, warum Rohstoff-Futures mit Liefertermin in der Zukunft zu einem h\u00F6heren Preis gehandelt werden als zum aktuellen Zeitpunkt. Wenn diese Kosten der Grund einer solchen Preissituation sind, sagen Rohstoffh\u00E4ndler, dass die Futures-Kontrakte mit Contango gehandelt werden. Das Gegenteil von Contango ist Backwardation." . . "\u041A\u043E\u043D\u0442\u0430\u043D\u0433\u043E (\u0430\u043D\u0433\u043B. Contango, \u0441\u043E\u043A\u0440. CGO) \u2014 \u0442\u0435\u0440\u043C\u0438\u043D \u0440\u044B\u043D\u043A\u0430 \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u043E\u0432; \u043D\u0430\u0434\u0431\u0430\u0432\u043A\u0430 \u0432 \u0446\u0435\u043D\u0435, \u0432\u0437\u0438\u043C\u0430\u0435\u043C\u0430\u044F \u043F\u0440\u043E\u0434\u0430\u0432\u0446\u043E\u043C \u0437\u0430 \u043E\u0442\u0441\u0440\u043E\u0447\u043A\u0443 \u0440\u0430\u0441\u0447\u0451\u0442\u0430 \u043F\u043E \u0441\u0434\u0435\u043B\u043A\u0435.\u0421\u0438\u0442\u0443\u0430\u0446\u0438\u0435\u0439 \u043A\u043E\u043D\u0442\u0430\u043D\u0433\u043E \u043E\u0431\u044B\u0447\u043D\u043E \u043D\u0430\u0437\u044B\u0432\u0430\u044E\u0442 \u0441\u0438\u0442\u0443\u0430\u0446\u0438\u044E, \u043F\u0440\u0438 \u043A\u043E\u0442\u043E\u0440\u043E\u0439 \u0431\u0438\u0440\u0436\u0435\u0432\u0430\u044F \u0446\u0435\u043D\u0430 \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u0430 \u0432 \u0431\u0443\u0434\u0443\u0449\u0435\u043C \u0432\u044B\u0448\u0435 \u0447\u0435\u043C \u0435\u0433\u043E \u0442\u0435\u043A\u0443\u0449\u0430\u044F \u0446\u0435\u043D\u0430 (\u043F\u0440\u0438 \u043D\u0435\u043C\u0435\u0434\u043B\u0435\u043D\u043D\u043E\u043C \u0432\u044B\u043A\u0443\u043F\u0435), \u0438\u043B\u0438 \u0436\u0435 \u0446\u0435\u043D\u0430 \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u0430 \u0432 \u043E\u0442\u0434\u0430\u043B\u0451\u043D\u043D\u043E\u043C \u0431\u0443\u0434\u0443\u0449\u0435\u043C \u0432\u044B\u0448\u0435 \u0447\u0435\u043C \u0432 \u0431\u043B\u0438\u0436\u0430\u0439\u0448\u0435\u043C \u0431\u0443\u0434\u0443\u0449\u0435\u043C. \u041A\u043E\u043D\u0442\u0430\u043D\u0433\u043E \u044F\u0432\u043B\u044F\u0435\u0442\u0441\u044F \u043D\u043E\u0440\u043C\u0430\u043B\u044C\u043D\u044B\u043C \u0434\u043B\u044F \u0440\u044B\u043D\u043A\u0430 \u043D\u0435\u0441\u043A\u043E\u0440\u043E\u043F\u043E\u0440\u0442\u044F\u0449\u0438\u0445\u0441\u044F \u043F\u0440\u043E\u0434\u0443\u043A\u0442\u043E\u0432 \u0441 \u043E\u043F\u0440\u0435\u0434\u0435\u043B\u0451\u043D\u043D\u043E\u0439 \u0441\u0442\u043E\u0438\u043C\u043E\u0441\u0442\u044C\u044E \u043F\u0435\u0440\u0435\u0432\u043E\u0437\u043A\u0438, \u0432\u043A\u043B\u044E\u0447\u0430\u044E\u0449\u0443\u044E \u043E\u043F\u043B\u0430\u0442\u0443 \u0441\u043A\u043B\u0430\u0434\u0441\u043A\u0438\u0445 \u043F\u043E\u043C\u0435\u0449\u0435\u043D\u0438\u0439."@ru . . "Contango is een situatie waarin termijncontracten van bijvoorbeeld grondstoffen of agrarische producten zich kunnen bevinden. Als de prijs over een bepaalde termijn hoger is dan de huidige prijs is de markt in contango. Dit kan onder andere veroorzaakt worden door hoge voorraadkosten, verzekeringskosten en dergelijke.De tegenovergestelde situatie wordt backwardation genoemd."@nl . . . . . . . "Contango is a situation where the futures price (or forward price) of a commodity is higher than the expected spot price.(Black 2009)(investopedia) In a contango situation, hedgers (commodity producers and commodity users) or arbitrageurs/speculators (non-commercial investors),(EU & 2008 6) are \"willing to pay more for a commodity at some point in the future than the actual expected price of the commodity."@en . "9"^^ . "Contango"@fr . "Le terme contango fait r\u00E9f\u00E9rence \u00E0 une condition particuli\u00E8re de march\u00E9 dans laquelle le prix d'un forward ou d'un future s'\u00E9change \u00E0 un prix sup\u00E9rieur au prix spot attendu au moment o\u00F9 la maturit\u00E9 du contrat sera atteinte. La courbe de future ou de forward qui en r\u00E9sulte a alors une pente positive, puisque plus leur maturit\u00E9 est lointaine, plus ces contrats se vendent \u00E0 des prix \u00E9lev\u00E9s. Un terme fran\u00E7ais \u00E9quivalent est le report, de m\u00EAme d\u00E9port d\u00E9signe l'antonyme, en anglais backwardation. La multiplication des synonymes vient probablement du cloisonnement qui existe entre le march\u00E9 des changes (o\u00F9 l'emploi des termes d\u00E9port et report est courant) et le march\u00E9 des mati\u00E8res premi\u00E8res, dont les op\u00E9rateurs et les m\u00E9thodes diff\u00E8rent quelque peu."@fr . "Contango is a situation where the futures price (or forward price) of a commodity is higher than the expected spot price.(Black 2009)(investopedia) In a contango situation, hedgers (commodity producers and commodity users) or arbitrageurs/speculators (non-commercial investors),(EU & 2008 6) are \"willing to pay more for a commodity at some point in the future than the actual expected price of the commodity. This may be due to people's desire to pay a premium to have the commodity in the future rather than paying the costs of storage and carry costs of buying the commodity today.\"(investopedia)The opposite market condition to contango is known as normal backwardation.(investopedia) \"A market is \"in backwardation\" when the futures price is below the expected future spot price for a particular commodity. This is favorable for investors who have long positions since they want the futures price to rise.\"(investopedia)The Commission of the European Communities (CEC & 2008 6) described backwardation and contango in relation to futures prices: \"The futures price may be either higher or lower than the spot price. When the spot price is higher than the futures price, the market is said to be in backwardation. It is often called \"normal backwardation\" as the futures buyer is rewarded for risk he takes off the producer. If the spot price is lower than the futures price, the market is in contango.\"(CEC & 2008 6)The futures or forward curve would typically be upward sloping (i.e. \"normal\"), since contracts for further dates would typically trade at even higher prices. (The curves in question plot market prices for various contracts at different maturities\u2014cf. term structure of interest rates) \"In broad terms, backwardation reflects the majority market view that spot prices will move down, and contango that they will move up. Both situations allow speculators (non-commercial traders) to earn a profit.\"(CEC & 2008 6)A contango is normal for a non-perishable commodity that has a cost of carry. Such costs include warehousing fees and interest forgone on money tied up, less income from leasing out the commodity if possible (e.g. gold). For perishable commodities, price differences between near and far delivery are not a contango. Different delivery dates are in effect entirely different commodities in this case, since fresh eggs today will not still be fresh in 6 months' time, 90-day treasury bills will have matured, etc."@en . "\u041A\u043E\u043D\u0442\u0430\u043D\u0433\u043E"@ru . "90912227"^^ . "Contango" . . . "5716363"^^ . . "Le terme contango fait r\u00E9f\u00E9rence \u00E0 une condition particuli\u00E8re de march\u00E9 dans laquelle le prix d'un forward ou d'un future s'\u00E9change \u00E0 un prix sup\u00E9rieur au prix spot attendu au moment o\u00F9 la maturit\u00E9 du contrat sera atteinte. La courbe de future ou de forward qui en r\u00E9sulte a alors une pente positive, puisque plus leur maturit\u00E9 est lointaine, plus ces contrats se vendent \u00E0 des prix \u00E9lev\u00E9s. Un terme fran\u00E7ais \u00E9quivalent est le report, de m\u00EAme d\u00E9port d\u00E9signe l'antonyme, en anglais backwardation."@fr . "Contango"@en . . "Il termine contango \u00E8 usato nell'analisi dei mercati finanziari, ed indica una situazione di mercato dove il prezzo spot \u00E8 inferiore ai prezzi futuri, impliciti nei corrispondenti contratti futures.Il termine \u00E8 nato nel XIX secolo sui mercati inglesi, ed \u00E8 una corruzione di \"continuation\", \"continue\" o \"contingent\"."@it . "1077"^^ . . "Contango is een situatie waarin termijncontracten van bijvoorbeeld grondstoffen of agrarische producten zich kunnen bevinden. Als de prijs over een bepaalde termijn hoger is dan de huidige prijs is de markt in contango. Dit kan onder andere veroorzaakt worden door hoge voorraadkosten, verzekeringskosten en dergelijke.De tegenovergestelde situatie wordt backwardation genoemd."@nl . . "\u041A\u043E\u043D\u0442\u0430\u043D\u0433\u043E (\u0430\u043D\u0433\u043B. Contango, \u0441\u043E\u043A\u0440. CGO) \u2014 \u0442\u0435\u0440\u043C\u0438\u043D \u0440\u044B\u043D\u043A\u0430 \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u043E\u0432; \u043D\u0430\u0434\u0431\u0430\u0432\u043A\u0430 \u0432 \u0446\u0435\u043D\u0435, \u0432\u0437\u0438\u043C\u0430\u0435\u043C\u0430\u044F \u043F\u0440\u043E\u0434\u0430\u0432\u0446\u043E\u043C \u0437\u0430 \u043E\u0442\u0441\u0440\u043E\u0447\u043A\u0443 \u0440\u0430\u0441\u0447\u0451\u0442\u0430 \u043F\u043E \u0441\u0434\u0435\u043B\u043A\u0435.\u0421\u0438\u0442\u0443\u0430\u0446\u0438\u0435\u0439 \u043A\u043E\u043D\u0442\u0430\u043D\u0433\u043E \u043E\u0431\u044B\u0447\u043D\u043E \u043D\u0430\u0437\u044B\u0432\u0430\u044E\u0442 \u0441\u0438\u0442\u0443\u0430\u0446\u0438\u044E, \u043F\u0440\u0438 \u043A\u043E\u0442\u043E\u0440\u043E\u0439 \u0431\u0438\u0440\u0436\u0435\u0432\u0430\u044F \u0446\u0435\u043D\u0430 \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u0430 \u0432 \u0431\u0443\u0434\u0443\u0449\u0435\u043C \u0432\u044B\u0448\u0435 \u0447\u0435\u043C \u0435\u0433\u043E \u0442\u0435\u043A\u0443\u0449\u0430\u044F \u0446\u0435\u043D\u0430 (\u043F\u0440\u0438 \u043D\u0435\u043C\u0435\u0434\u043B\u0435\u043D\u043D\u043E\u043C \u0432\u044B\u043A\u0443\u043F\u0435), \u0438\u043B\u0438 \u0436\u0435 \u0446\u0435\u043D\u0430 \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u0430 \u0432 \u043E\u0442\u0434\u0430\u043B\u0451\u043D\u043D\u043E\u043C \u0431\u0443\u0434\u0443\u0449\u0435\u043C \u0432\u044B\u0448\u0435 \u0447\u0435\u043C \u0432 \u0431\u043B\u0438\u0436\u0430\u0439\u0448\u0435\u043C \u0431\u0443\u0434\u0443\u0449\u0435\u043C. \u041A\u043E\u043D\u0442\u0430\u043D\u0433\u043E \u044F\u0432\u043B\u044F\u0435\u0442\u0441\u044F \u043D\u043E\u0440\u043C\u0430\u043B\u044C\u043D\u044B\u043C \u0434\u043B\u044F \u0440\u044B\u043D\u043A\u0430 \u043D\u0435\u0441\u043A\u043E\u0440\u043E\u043F\u043E\u0440\u0442\u044F\u0449\u0438\u0445\u0441\u044F \u043F\u0440\u043E\u0434\u0443\u043A\u0442\u043E\u0432 \u0441 \u043E\u043F\u0440\u0435\u0434\u0435\u043B\u0451\u043D\u043D\u043E\u0439 \u0441\u0442\u043E\u0438\u043C\u043E\u0441\u0442\u044C\u044E \u043F\u0435\u0440\u0435\u0432\u043E\u0437\u043A\u0438, \u0432\u043A\u043B\u044E\u0447\u0430\u044E\u0449\u0443\u044E \u043E\u043F\u043B\u0430\u0442\u0443 \u0441\u043A\u043B\u0430\u0434\u0441\u043A\u0438\u0445 \u043F\u043E\u043C\u0435\u0449\u0435\u043D\u0438\u0439. \u0421\u0438\u0442\u0443\u0430\u0446\u0438\u044F \u043A\u043E\u043D\u0442\u0430\u043D\u0433\u043E \u043F\u0440\u044F\u043C\u043E \u043F\u0440\u043E\u0442\u0438\u0432\u043E\u043F\u043E\u043B\u043E\u0436\u043D\u0430 \u0441\u0438\u0442\u0443\u0430\u0446\u0438\u0438 \u0431\u044D\u043A\u0432\u043E\u0440\u0434\u0430\u0446\u0438\u0438.\u0420\u044B\u043D\u043E\u043A \u0444\u044C\u044E\u0447\u0435\u0440\u0441\u043E\u0432 \u0441\u043A\u043E\u0440\u043E\u043F\u043E\u0440\u0442\u044F\u0449\u0438\u0445\u0441\u044F \u043F\u0440\u043E\u0434\u0443\u043A\u0442\u043E\u0432 \u043F\u043E \u043E\u043F\u0440\u0435\u0434\u0435\u043B\u0435\u043D\u0438\u044E \u043D\u0435 \u043C\u043E\u0436\u0435\u0442 \u043D\u0430\u0445\u043E\u0434\u0438\u0442\u044C\u0441\u044F \u0432 \u043A\u043E\u043D\u0442\u0430\u043D\u0433\u043E, \u0442\u0430\u043A \u043A\u0430\u043A \u0440\u0430\u0437\u043D\u044B\u0435 \u0434\u0430\u0442\u044B \u043F\u043E\u0441\u0442\u0430\u0432\u043A\u0438 \u043F\u043E \u0441\u0443\u0442\u0438 \u0434\u0435\u043B\u0430 \u043E\u0437\u043D\u0430\u0447\u0430\u044E\u0442 \u0440\u0430\u0437\u043D\u044B\u0435 \u043F\u0440\u043E\u0434\u0443\u043A\u0442\u044B (\u043D\u0430\u043F\u0440\u0438\u043C\u0435\u0440, \u0441\u0435\u0433\u043E\u0434\u043D\u044F\u0448\u043D\u0438\u0435 \u0441\u0432\u0435\u0436\u0438\u0435 \u044F\u0439\u0446\u0430 \u0447\u0435\u0440\u0435\u0437 \u0448\u0435\u0441\u0442\u044C \u043C\u0435\u0441\u044F\u0446\u0435\u0432 \u0431\u0443\u0434\u0443\u0442 \u043D\u0435\u043F\u0440\u0438\u0433\u043E\u0434\u043D\u044B \u043A \u0443\u043F\u043E\u0442\u0440\u0435\u0431\u043B\u0435\u043D\u0438\u044E).\u0414\u043D\u0435\u043C \u043A\u043E\u043D\u0442\u0430\u043D\u0433\u043E \u043D\u0430\u0437\u044B\u0432\u0430\u044E\u0442 \u043F\u0435\u0440\u0432\u044B\u0439 \u0434\u0435\u043D\u044C \u0434\u0432\u0443\u0445\u043D\u0435\u0434\u0435\u043B\u044C\u043D\u043E\u0433\u043E \u0440\u0430\u0441\u0447\u0435\u0442\u043D\u043E\u0433\u043E \u043F\u0435\u0440\u0438\u043E\u0434\u0430 \u043D\u0430 \u041B\u043E\u043D\u0434\u043E\u043D\u0441\u043A\u043E\u0439 \u0444\u043E\u043D\u0434\u043E\u0432\u043E\u0439 \u0431\u0438\u0440\u0436\u0435, \u0442\u043E \u0435\u0441\u0442\u044C \u043F\u043E\u0441\u043B\u0435\u0434\u043D\u0438\u0439 \u0434\u0435\u043D\u044C, \u043A\u043E\u0433\u0434\u0430 \u043C\u043E\u0436\u043D\u043E \u043E\u0440\u0433\u0430\u043D\u0438\u0437\u043E\u0432\u0430\u0442\u044C \u043A\u043E\u043D\u0442\u0430\u043D\u0433\u043E."@ru . . . . . "Contango"@nl . . . . "Contango"@it . "Il termine contango \u00E8 usato nell'analisi dei mercati finanziari, ed indica una situazione di mercato dove il prezzo spot \u00E8 inferiore ai prezzi futuri, impliciti nei corrispondenti contratti futures.Il termine \u00E8 nato nel XIX secolo sui mercati inglesi, ed \u00E8 una corruzione di \"continuation\", \"continue\" o \"contingent\"."@it .