Three features of a commodity forward curve in CONTANGO (i.e., upward-sloping): 1. riskfree rate is greater than lease rate; 2. Negative roll yield for the long position; 3. Consistent with "normal backwardation"
David's XLS is here: https://trtl.bz/2Nto24q
David's XLS is here: https://trtl.bz/2Nto24q
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