What is a 'Commodity Futures Contract'. A commodity futures contract is an agreement to buy or sell a predetermined amount of a commodity at a specific price on a specific date in the future. Buyers use such contracts to avoid the risks associated with the price fluctuations of a futures' underlying product or raw material.
The official cause of J. Edgar Hoover's death is listed as a heart attack. The news reports the day after his death had indicated his death was due to the effects of high blooâ¦d pressure. No autopsy was performed, which has led to speculation that other factors may have caused his death, including poisoning.
Hoover blamed the Depression on foreign economic collapse over  which he had no control. Major European banks went bankrupt,  causing alarm in other foreign banks. Great Briâ¦tain went off the  gold standard. The Bank of England no longer redeemed its paper  money in gold bullion or coin.