Here's a sample for WTI Crude Oil:
Click to enlarge.
CONTANGO WATCH: The WTI Crude Oil forward curve shifted significantly: The front-end features much smaller contango, and the back half is now in backwardation.
ROLL COSTS: In turn, the annualized cost to roll the front-month WTIs fell to 13 percent, or, in other words, close to 1 percent on a monthly basis. These costs are more in line with what we've seen over the last 52 weeks (right-hand-side chart).
BOTTOM LINE: Humpbacked Contango
You can read the full Contango Report at Hard Assets Investor.