Contango
When the futures price is above the expected future spot price. Consequently, the price will decline to the spot price before the delivery date.

Investopedia Says:
This is the opposite of backwardation.

Related Terms:
Backwardation
Futures Strip
Inverted Market
Roll Yield

• Cum Rights
• Cumulative Dividend
• Cumulative Interest
• Cumulative Preferred Stock
• Cumulative Return
• Cumulative Volume Index (CVI)
• Cumulative Volume Index (CVI)
• Cumulative Voting
• Cum Warrant
• CUP
• Cup and Handle
• Curb Trading
• Currency
• Currency Adjustment Factor (CAF)
• Currency Adjustment Factor (CAF)
• Currency Basket
• Currency Binary
• Currency Carry Trade
• Currency Certificate
• Currency Convertibility
• Currency Forward
• Currency Futures
• Currency Internationalization
• Currency Option
• Currency Overlay