1
allows producer to deliver commodity without setting sales price
2
a contract that establishes the the futures price when the contract is created but the basis level is not determined until just before delivery
3
the price that is anticipated within a certain time in the future
4
when the seller guarantees to deliver a specific cash commodity to the buyer sometime in the future
5
allows the producer to establish final pricing at a later date
6
the amount of money that is received when commodities are bought and sold on the spot market
7
a product exchanged for payment
8
the amount of money that is received when commodities are bought and sold on the spot market
9
establish the basis based on cash price minus futures price
