2. A situation in which the amount
for the future delivery
of a particular commodity
are greater than the amount of commodity physically available for delivery. For example, the price of oranges would be cornered if more futures contracts
are issued for oranges than the amount of oranges actually available for delivery. Cornering the price of a commodity is a rare occurrence, and can occur if an unexpected event, such as a natural disaster, destroys a large portion of the supply.