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TeachMeFinance.com - explain Future historic definition... Future -- A contract the fulfilment of which is not required until a specified time in the future. Most of the dealings in grain, especially wheat, corn and oats, and in cotton and coffee, are in futures. A future is designated by the name of the month in which it matures. For instance, July grain r cotton or coffee sold in January (or in any month before July) is deliverable in July. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.