Delivery Process at the CBOT

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Futures Market Delivery Process and What It Indicates About the Price Outlook

The one and only thing that keeps the futures markets relevant as the most valuable grain marketing tool is futures contracts can be exchanged for real commodities at the end of the trading period of each contract month.

In March, if cash corn prices are below the March futures, a seller of cash corn can deliver his corn on a March futures contract and be paid the March futures price instead of the lower cash price.

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