Nearby Month

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Nearby Month

Among several different futures contracts or options, describing the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the nearby month contract is the one expiring in March. It is also called the spot month. See also: Most distant futures contract.
References in periodicals archive ?
57 cents, the weakest for the front month since Sept.
By the start of May, front month gasoil margins traded on the Ice platform were close to 13 per cent lower at the start of the previous month.
The S&P GSCI Crude Oil Enhanced index adjusts its exposure to the futures curve monthly, dynamically moving between the front month and six month futures contract depending upon the steepness of the curve.
Brent front month (Platts) (1C); group three unleaded gasoline (Platts) (A9); group three unleaded gasoline (Platts) vs.
Front month WTI prices at NYMEX will be more volatile in 2005 than in 2004, although world demand growth last year was the strongest since 1976, at 2.
06 cents per lb at 1348 GMT, the weakest for the front month since June 29.
Singapore fuel oil markets firmed last Wednesday, with the front month time spreads, the front month fuel oil cracks as well as physical cash discounts all rising to multi-week highs due to tightening near-term supplies.