Indexology®: Backwardation Bonanza!
July 07, 2014 at 06:00 AM EDT
If you experience your most expensive 4th of July ever, it may be from the unprecedented shortages of commodities in June. Since 1970, as far back as the S&P GSCI has data, there has never been a June with as many commodities in backwardation as in June 2014. Of 24 commodities in the S&P...