Investing 101 · Instruments
Futures contracts: leverage, expiration, and how the market actually works.
Primer on commodity futures. How leverage works, contract expiration, rolling, the major exchanges (CME, ICE, LME), and Section 1256 tax treatment.
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commoditiestracker_site_2026-05-29/investing_101_futures_basics.html. The content is HTML-formatted prose — extract the .art-main section and render it here using dangerouslySetInnerHTML or convert to MDX.What this guide covers
Primer on commodity futures. How leverage works, contract expiration, rolling, the major exchanges (CME, ICE, LME), and Section 1256 tax treatment.
This guide is part of the Investing 101 series. Use the navigation below to read related guides, or go to the commodities directory to explore live price data.