In the context of futures being a way for a farmer to finance the expenses of growing a crop or raising a herd, isn't this a stretch of the use of the word "future". I get that the word means a lot more today than its origins would convey, but shouldn't the term used just be the generic "derivative" or "index"?
Forgive my ignorance of the finance world, but it feels like they are stretching definitions in order to frame this as approaching crude oil or pork bellies when it's more of an options contract.
Forgive my ignorance of the finance world, but it feels like they are stretching definitions in order to frame this as approaching crude oil or pork bellies when it's more of an options contract.