Spot Delivery Month

DEFINITION of 'Spot Delivery Month'

The nearest month when a futures contract matures. The spot delivery month is the month that a futures contract on a commodity becomes deliverable. For example, when the March futures contract for corn expires, the new spot delivery month would be May (the next contract).

BREAKING DOWN 'Spot Delivery Month'

The various futures contracts have different contract months. Corn and wheat futures, for example, have contract months of March (H), May (K), July (N), September (U) and December (Z). Soybean futures, on the other hand, have contract months of January (F), March (H), May (K), July (N), August (Q), September (U) and November (X).

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RELATED FAQS
  1. Why do futures' prices converge upon spot prices during the delivery month?

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  3. How can I calculate the notional value of a futures contract?

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  4. What are some securities that have spot rates?

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