Inverse is a term meant to indicate that the market is willing to pay you more today for grain than it will later. An inverse is composed of both futures and basis components. Typically, we have an inverse in markets where supplies are very tight and inventories are very low.
An agreement between a buyer and seller for a specific quantity of grain at a predetermined price or pricing formula for a specific delivery timeframe in the future. This contract may also be referred to as flat price or deferred price.
