Question: when is the commodity price for future delivery most liekly below the spot price. a. when convience yield is negative ,b. when the market is

when is the commodity price for future delivery most liekly below the spot price. a. when convience yield is negative ,b. when the market is a full carry, c. when demand is strong, supply is short, and storage cost is low or d. when the forward curve is in contango

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