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In reviewing contract specs for a number of the non-financial futures on
various futures exchange web pages, I'm seeing references to "notice" and
"delivery" dates which occur prior to contract expiration. The exchanges
don't seem to provide clear explanations of these terms and I don't find
anything in my various books. I have a feeling that this may be similar to
options which are exercisable prior to expiration. Would someone provide a
brief explanation of these terms? The last thing I need is to give/take
delivery on a herd of cattle, truckloads of soybeans, or barrels of oil.
What do I need to watch for to avoid problems?
Earl
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