CONTANGO AND ROLL RETURN

[archived_user]

basic assumption
Contango = F > S —> negative roll return.
Backwardation = F < S —–> Positive roll return.
Question
Sorry for my silly question but If I short (commodity) futures in a contango environment am I still able to get a positive Roll Yield return?
thanks

 

[archived_user]

Well you are short the negative roll return so technically yes I guess…

 

[archived_user]

Thanks S666, I agree.