Short

(1) The selling side of an open futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined; (2) a trader(1) A merchant involved in cash commodities; (2) a professional speculator who trades for his own account whose net positionThe difference between the open long contracts and the open short contracts held by a trader in any one commodity. in the futuresSee Futures Contract. market shows an excessDesignates real property which is no longer required by the Federal agency accountable for it. of open sales over open purchases. See Long(1) One who has bought a futures contract to establish a market position; (2) a market position that.