contango
noun
°The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.
"2005: most of these other commodities are generally in contango — Futures Industry Magazine"
°The amount by which prices for future delivery are higher than prices for near deliver.
"2003: Normally new buyers would go after the March silver contract, especially with such a small contango. — Bill Murphy, Kitco Bullion Dealers"