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https://definitions.uslegal.com/c/contract-for-future-delivery/
According to 17 CFR 15.00 [Title 17 -- Commodity and Securities Exchanges; Chapter I -- Commodity Futures Trading Commission], contract for future delivery, means “any contract for the purchase or sale of any commodity for future delivery that is executed on or subject to the rules of a reporting market, including all agreements, contracts and transactions that are treated by a clearing organization as fungible with such contracts.”
https://www.law.cornell.edu/cfr/text/17/part-33
17 CFR Part 33 - REGULATION OF COMMODITY OPTION TRANSACTIONS THAT ARE OPTIONS ON CONTRACTS OF SALE OF A COMMODITY FOR FUTURE DELIVERY. § 33.1 Definitions. § 33.2 Applicability of Act and rules; scope of part 33. § 33.3 Unlawful commodity option transactions.
https://www.investopedia.com/terms/c/commodityfuturescontract.asp
May 22, 2019 · 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. Commodity futures can be used to hedge or protect an investment position or to bet on the directional move of the underlying asset.
https://www.thebalance.com/taking-delivery-of-commodities-via-the-futures-market-4118366
Dec 12, 2019 · The most active trading in a futures contract is generally in the most nearby or active month contract. As the nearby future moves into the delivery period, a buyer of a futures contract who maintains their position must be ready to accept delivery of the actual commodity and to pay full value for the raw material product.
https://www.law.cornell.edu/uscode/text/7/12a
such person pleaded guilty to or was convicted of any misdemeanor which (i) involves any transaction or advice concerning any contract of sale of a commodity for future delivery or any activity subject to Commission regulation under section 6c or 23 of this title or concerning a security, (ii) arises out of the conduct of the business of a futures commission merchant, introducing broker, floor broker, floor trader…
https://www.upcounsel.com/commodity-contracts
Commodity futures contracts are a type of contract used for selling a commodity. These contracts will include predetermined rules such as: The amount of the commodity that will be sold. At what price the commodity will be sold.
https://www.investopedia.com/terms/f/futurescontract.asp
A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.
https://www.lowenstein.com/files/publication/0642b885-ba50-4773-ac18-385fa2a471cf/presentation/publicationattachment/728edde9-cf02-4d99-8288-3b48c27842ab/contracts%20for%20commodities.pdf
consequences of the definitions that relate to agreements for the sale or purchase of commodities with a future delivery date. The court, unfor-tunately, was not consistent in its use of terms. Under the Bankruptcy Code, there is no definition for a “commod-ity forward agreement” or “forward commodity contract” or “forward agreement.”
https://www.cftc.gov/ConsumerProtection/EducationCenter/CFTCGlossary/glossary_s.html
Security Future: A contract for the sale or future delivery of a single security or of a narrow-based security index. Security Futures Product: A security future or any put, call, straddle, option, or privilege on any security future.
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