Furthermore, secured claims and administrative expense claims are paid ahead of unsecured claims. To make matters a bit more Â­confusing, Section 364(c)(1) provides that certain Â­super-priority claims are to be paid even Â­before administrative expense claims.
The market price of a commodity that is quoted in the news is often the market futures price for that respective commodity. As with equity securities, a commodities futures price is determined primarily by the supply and demand for the commodity in the market. For example, let's look at oil. If the supply of oil increases, the price of one barrel of oil will decrease.
In particular, the difference between the spot price of a commodity and the price of futures contracts covering the same commodity plays a major role in defining how a particular commodity market behaves. Let's take a closer look at what a spot price is and why it's important in the commodity futures markets. Understanding the spot price. The commodities markets are more complicated than many people realize, but the concept of the spot price is one of the simplest to understand in the industry.