CME physical delivery

[Surprise]

Are longs and shorts matched randomly for physical delivery ? ( for example crude oil ) .

 

[noob_trad3r]

Also make sure you rent a tanker truck since you have to go to the port to collect the oil.

 

[local]

You can find the procedure for crude oil in 200.15 g) of the contract specifications. Allocation is assigned according to preference for foreign crude beginning with the largest preferences.

My experience with taking delivery involved the oldest longs being matched with the oldest shorts i.e. depends on the contract and its specifications.

 

[stefan_777]

Quote from noob_trad3r:

Also make sure you rent a tanker truck since you have to go to the port to collect the oil.

He'll need a good size swimming pool too.

 

[Surprise]

Quote from local:

You can find the procedure for crude oil in 200.15 g) of the contract specifications. Allocation is assigned according to preference for foreign crude beginning with the largest preferences.

My experience with taking delivery involved the oldest longs being matched with the oldest shorts i.e. depends on the contract and its specifications.

thanks