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TeachMeFinance.com - explain Spot market Spot market The term 'Spot market ' as it applies to the area of agriculture can be defined as ' A public or open marketplace (such as open exchanges or auction houses) where products (including agricultural products such as livestock, grain, cotton, etc.) are bought and sold. The Minneapolis Grain Exchange and the now defunct National Cheese Exchange are examples. Spot also refers to a maturing delivery month of a futures contract'. Previous 5 Terms: Sporadic E sporiferous sporogenesis SPOT Spot commodity Next 5 Terms: Spot market (natural gas) Spot market (uranium) Spot price Spot price Spot purchases 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 © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.