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

• Earned Income Credit (EIC)
• Earned Income Credit (EIC)
• Earned Premium
• Earnest Money
• Earning Assets
• Earnings
• Earnings Before Interest After Taxes (EBIAT)
• Earnings Before Interest After Taxes (EBIAT)
• Earnings Before Interest, Depreciation And Amortization (EBIDA)
• Earnings Before Interest, Depreciation And Amortization (EBIDA)
• Earnings Before Interest, Tax, Amortization And Exceptional Items (EBITAE)
• Earnings Before Interest, Tax, Amortization And Exceptional Items (EBITAE)
• Earnings Before Interest, Tax and Depreciation (EBITD)
• Earnings Before Interest, Tax and Depreciation (EBITD)
• Earnings Before Interest & Tax (EBIT)
• Earnings Before Interest & Tax (EBIT)
• Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR)
• Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR)
• Earnings Before Interest, Taxes, Depreciation, Amortization And Special Losses (EBITDAL)
• Earnings Before Interest, Taxes, Depreciation, Amortization And Special Losses (EBITDAL)
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
• Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses (EBITDAX)
• Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses (EBITDAX)
• Earnings Before Tax (EBT)