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Don S... wrote:
>
> If you are long in a May grain contract, when is the last possible day you
> can stay in? Is it FND, or is it possible to stay in longer (without
> accepting delivery)?
>
> Don S...
All commodity contracts except currencies are seller's option contracts.
So sellers have the option of making delivery to buyer at any time
during the delivery period, but buyers cannot demand elivery from
sellers. This means longs can carry their position right up to the
expiration of the contract. (LT day)
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