[] ( inˌverted ˈmarket []) () a situation where prices for goods that will be delivered in the future are lower than prices for goods that will be delivered immediately 现货溢价，现货升水（指现货价高出期货价的情况）◆A shortage of supplies has caused a state of backwardation on the coffee futures market. 供应短缺导致咖啡期货市场上出现现货溢价的情况。➡contango