backwardation
From Longman Business DictionaryRelated topics: Financebackwardationback‧ward‧a‧tion /ˌbækwəˈdeɪʃən-wər-/ noun [uncountable] FINANCE when a COMMODITY that will be delivered in the future has a higher price than one that will be delivered nowIn an economic slowdown it is surprising to see the copper market in backwardation.