(1) The amount a price would be reduced to purchase a commodity of lesser grade; (2) sometimes used to refer to the price differences between futures of different delivery months, as in the phrase «July is trading at a discount to May,» indicating that the price of the July future is lower than that of May; (3) applied to
cash grain prices that are below the futures price.
The cost of complying with new federal meal guidelines that call for more fruits and vegetables, more whole
grains, and less salt, may well force
cash - strapped schools to raise the
price of lunch and breakfast.