Agricultural Marketing Futures Contracts Please make sure your answer is correct

Question

Agricultural Marketing Futures Contracts

Please make sure your answer is correct as there are some wrong answers to these questions on the internet.

You purchased a December futures corn contract on July 1. A month later you decide you would like to take delivery. You:

a. can call up your broker and get almost immediate delivery

b. must wait until December 1 and then you can demand delivery

c. will only get delivery if by chance the buyer you bought from decides to deliver

d. will get delivery in December if you wait long enough.  

Explanation / Answer

Ans) the correct option is B. you must wait until december 1 and then you can demand delivery. Yku purchased a contract on July for the corn which could be delivered in December

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