DEFINITION of 'Delivery Month'
A key characteristic of a futures contract that designates when the contract expires and when the underlying asset must be delivered. The exchange on the futures contract is traded will also establish a delivery location and a date within the delivery month when the delivery can take place. Not all futures contracts require physical delivery of a commodity, and many are settled in cash.
Also referred to as "contract month."
INVESTOPEDIA EXPLAINS 'Delivery Month'
On the ticker, delivery month is indicated by a letter.
Some commodities can be delivered in any month. Others are only delivered in certain months. For example, cocoa can only have a delivery month of March, May, July, September or December, while copper can be delivered year round. The complete ticker symbol for a futures contract will describe the commodity, the delivery month and the year. "CCZ11," for instance, indicates a cocoa contract for delivery in December 2011.
The final day that a futures contract may trade or be closed ...
The physical commodity that underlies a futures contract or is ...
A settlement method used in certain future and option contracts ...
A trading strategy used in the soybean futures market. A soybean ...
A type of futures contract that requires the delivery of the ...
A financial contract obligating the buyer to purchase an asset ...