What is 'market curve' in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

market curve - Overview

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: The market price for a good at a specific location for a specified delivery period. A location can include load location, discharge location, or market. Typically this relates to a commodity traded on an exchange and its associated basis; however, not all goods have a futures and a basis component, such that a market curve is the forward-looking price curve by delivery period for a specific location.

market curve - Details

• 
  Key Concepts: 
  Market curve is a feature of the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It is used to define the relationship between the price of a commodity and the quantity of that commodity that is available in the market. The market curve is used to determine the price of a commodity at any given time. 
  
  How to use it: 
  The market curve can be used to determine the price of a commodity at any given time. To do this, the user must enter the quantity of the commodity that is available in the market and then select the “Market Curve” option from the menu. The system will then calculate the price of the commodity based on the quantity entered. 
  
  Tips & Tricks: 
  It is important to remember that the market curve is only an estimate of the price of a commodity and should not be used as an exact figure. Additionally, it is important to keep in mind that different commodities may have different market curves, so it is important to select the correct one for each commodity. 
  
  Related Information: 
  The market curve can also be used to determine how much a commodity will cost in different markets. This can be useful for businesses that are looking to purchase commodities from different markets. Additionally, it can be used to compare prices