Contango Report: Backwardation Fuels BNO
September 17, 2012
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CONTANGO WATCH: Brent's backwardation widened slightly last week. The European oil benchmark has been in steady backwardation since the beginning of 2011, boosting investor returns. In that period, front-month Brent futures are up 22 percent, while the United States Brent Oil Fund (BNO)—which holds front-month futures but must roll its contracts month after month—is up 32 percent.
Has oil moved into backwardation yet? What does corn's roll yield look like? How do you know when it's time to buy—or sell?
To see current contango curve and front-month roll costs for each of our selected commodities, please select a sector or commodity below (or read the whole report ):
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