Valk
Buckets and Ace have it covered but as Nowclear indicated it is far from simple.
Mike Young, previously with VMY, once said (the Spot Price is a) "Misunderstood Arbitrage Floor Price"; a quote that says most of it.
If you are not trading the actual, Ace most probably has the simplest option. His suggestion is updated once a day, roughly Noon EST. It gives a near enough idea.
You may need to get across how the Spot relates to contract pricing, or just as I do, assume the Spot is lower than the Contract unless allshit is breaking loose and that is a lot closer than not.
lemons
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