___________ is a condition that occurs in commodities and fu…

___________ is a condition that occurs in commodities and futures markets where the price of a given good is higher today than the price in the future. For example, it may cost $4.00 to buy a pound of copper today in the spot market. However, in the futures market, a buyer would be able to secure delivery at a later date for less than the current $4.00 price.