Futures

What Are Futures?

Futures are financial derivatives that bind the parties to trade an item at a fixed price and date in the future. Regardless of the prevailing market price at the expiration date, the buyer or seller must purchase or sell the underlying asset at the predetermined price. What are some future examples? Crude oil, natural gas,

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What Are Wine Futures?

Purchasing wine as “futures” or “en primeur” means purchasing it before it is bottled, usually when it is still in the barrel. Industry specialists have the opportunity to taste the wines while they are maturing. Then, using vintage reports as a guide, they make judgements about the wine’s worth. Prices are then fixed, and futures

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