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cash price |
Also found in: Financial, Wikipedia, Hutchinson | 0.02 sec. |
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So--if corn acreage is up enough from 2006 to suggest a steady year-to-year carryover, we should expect an average 2007-crop cash price closer to $3. With such large stocks, the fundamentals also suggest that any rally in the market will be met with widening in basis so the cash price will remain flat implying that clients will need to separate locking up the basis from the pricing decision to get the best possible cash price. Dean Foods will purchase the remaining interest for a cash price of approximately $216 million, or $24 per share, and will assume approximately $40 million in debt. |
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