A hedge$-$to$-$arrive contract is$...*$

a contract where basis is set, but futures prices are set later

a contract where the futures price is set, but the basis level is set later

a cash market transaction in which a seller agrees to deliver a cash commodity to a

buyer at some point in the future

a contract where the producer delivers grain to the buyer with discretion to set the

price later, up until the final delayed pricing date