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| Never ever thought about it, although I did know it was possible from marketing in college. Some years ago on a forum, a farmer recounted his efforts to deliver on a contract. I don't remember the particulars, but it kinda boiled down to he as an individual could not do it. Not sure if that was a physical or financial limitation. I think grains has to be in certain elevators and they may have additional terms that make it virtually impossible. In reality, a certificate of grain at a deliverable location is exchanged with the CBOT. I think you getting the physical grain into the elevator is the problem, kinda like trying to get hogs slaughtered in '98 (I think year is correct, I try to forget)
Hogs are no longer deliverable and are financially settled. Live cattle, grains are. But there are grades that have to be met.
First link below has information on the process.
https://www.agweb.com/opinion/how-delivery-process-works
https://www.cmegroup.com/markets/agriculture/livestock/lean-hogs.con...
https://www.cmegroup.com/markets/agriculture/grains/corn.contractSpe...
Edit: Added screenshot from power point attachment. Not sure on link where I originally downloaded .pptx
Edited by H3f 3/20/2026 10:08
 (Screenshot from pptx (full).png)
Attachments
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 Screenshot from pptx (full).png (72KB - 3 downloads)
~$2._eugene_kunda_present_michel_robe.pptx (0KB - 0 downloads)
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Another question about how the markets used to be
