What does Cash Price (in commodities) mean?
Cash price is the current price for present delivery. It is the price of a given commodity being traded on the spot market. It is also known as spot price. Spot price refers to the current price of a security or commodity at which it can be bought/ sold for immediate delivery at a particular place and time.
Futures Knowledge Explains Cash Price (in commodities)
Cash Price is the current price of a commodity; the price at which it is bought and sold today. The cash price would include all transaction costs. When commodities are traded, the amount of money that is exchanged between the buyer and the seller is known as cash price or spot price. Spot prices are used also as a base indicator for pricing future contracts.