back month

Back Month

Among several different futures contracts, the one with the longest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the back month is the one expiring in September.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

back month

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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She said: "I see theatregoers coming back month after month and year after year and they say 'still here, Lil?' "But I love what I do and I don't think I'll ever give up.
Certainly there was little news last week that had much effect on either nearby or back month prices, just steady gains in relatively nonvolatile trading activity.
With last week's US gas in storage down slightly from last year and the five year average, natural gas futures contract prices broke out of their backwardation pattern, as prices above and below the nearby and cash delivery price are seen in the back months in an undulating pattern.
CBOT July soft red winter wheat settled up 9-1/4 cents at $5.35-1/2 per bushel and gained relative to back months on spreads, supported by strong domestic cash basis bids.
The whole purpose behind archiving is to be able to go back months and even years later to retrieve data.