For example, let's say commodity X has a May 05 futures price of $10/unit. If the cost of carry for commodity X is $0.50/month and the June 05 contract is trading at $10.50/unit the price indicates a full carry, or in other words the contract represents the full cost associated with the holding the commodity for an additional month.
Investment dictionary. Academic. 2012.
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full carry — When the difference between futures contract month prices equals the full cost of carrying (storing) the commodity from one delivery period to the next. Carrying charges include insurance, interest, and storage. The CENTER ONLINE Futures Glossary … Financial and business terms
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Full Charge — The event in which the price of a futures contract covers all of the carrying charges of the underlying asset, such as storage and insurance. Also referred to as a full carry . If the purchase price of the futures contract is high enough to cover … Investment dictionary
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