roll yield

commodities

roll yield
positive(*)	Futures price > "full carry" price	backwardation	This may occur when prices are low and volatile and commodities producers are concerned that they will fall further, to a level that is unprofitable. Producers will accept less that the "full carry" price in oder to hedge price risk.

(*) If you long a commodity futures and sell at a higher price at roll over date, you will get a positive roll yield.