Base Corn Price. Producer shall pay to Cargill the Base Corn Price for Corn supplied to the Grain Facility. For purposes of this Section 12, the term “basis” means the difference between the current cash price of U.S. No. 2 yellow corn and the futures price of U.S. No. 2 yellow corn for the nearby futures contract month. In the case of Corn arriving at the Grain Facility from third parties, the Base Corn Price will be:
Appears in 4 contracts
Samples: Corn Supply Agreement (BioFuel Energy Corp.), Corn Supply Agreement (BioFuel Energy Corp.), Corn Supply Agreement (BioFuel Energy Corp.)
