Spot Market Pricing is the current price in the market that is the selling price of a commodity (oil, soy beans, currency, etc.) for immediate rather than forward delivery.
Reference Definition by OECD: A generic term referring to any short-term sales agreement. Generally it refers to single shipment orders with delivery expected in less than one month. Goods sold on this basis are usually off-the-shelf and not subject to customization. Spot market prices are subject to discounting and directly reflect current market conditions. The spot price is the selling price of a commodity (oil, soy beans, currency, etc.) for immediate rather than forward delivery.
