Contango vs Backwardation: What is the difference and how to make money in both of them? Contango vs Backwardation: What is the difference and how to make money in both of them? Learn difference between different future curves DSIJ Intelligence / Wednesday, March 2, 2022 0 813 Article rating: 5.0 The shape of the futures curve is important to commodity hedgers. Their strategy is dependent on whether commodity futures markets are contango markets or backwardation markets. These two curves are frequently mistaken for one another. Read more