---
title: Futures
description: A term related to the CBOT and contracts booked for commodities delivered in a future date.
---

[Glossary of Bulk Oil Terms ](https://www.centrafoods.com/glossary)

# [Futures](https://www.centrafoods.com/glossary/futures)

 Written by [Alexa Ketterling](https://www.centrafoods.com/glossary/author/alexa-ketterling) | Aug 9, 2018 8:49:04 PM

A term related to the [CBOT](https://www.centrafoods.com/glossary/cbot) and [contracts](https://www.centrafoods.com/glossary/contract) booked for commodities delivered in a future date.  “Futures” is a term referring to the current [board](https://www.centrafoods.com/glossary/board) value for a particular commodity (like soybean oil) at a future date.

[View full post](https://www.centrafoods.com/glossary/futures)

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