What is No Futures Established in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

SAP Term: No Futures Established

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A status indicating that the basis component of a commodity price is determined, but the futures component is not yet established.

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• Key Concepts: 
  No Futures Established is a term used in the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It is used to describe a situation where no futures contract has been established for a particular commodity. This means that the commodity is not being traded on a futures exchange and therefore cannot be bought or sold through a futures contract. 
  
  How to use it: 
  When using the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP, users may encounter the term No Futures Established. This indicates that no futures contract has been established for the particular commodity and therefore it cannot be bought or sold through a futures contract. 
  
  Tips & Tricks: 
  When dealing with commodities that have no futures established, users should be aware that they may not be able to buy or sell the commodity through a futures contract. Instead, they may need to look for other ways to purchase or sell the commodity such as through spot markets or over-the-counter transactions. 
  
  Related Information: 
  For more information on No Futures Established and other terms related to commodities trading in SAP, users can refer to the official SAP documentation on LO-AGR-CC Commodity Contracts, Expenses, Basic Functions.