Cash Market

What Does Cash Market Mean?
The market for a cash commodity or actual, as opposed to the market for its futures contract.

Investopedia explains Cash Market
A cash market may take the following forms: self-regulated centralized markets, such as commodity exchanges; decentralized over-the-counter markets where private transactions may occur; or localized community organizations, such as grain elevators. At these locations, you can purchase the actual physical commodity rather than just the futures contract.