recommend futures broker for physical delivery

Good luck with that. I'll phrase it this way: Morgan Stanley used to do that, but it tied up too much capital. :D

mrtrousers said:
R.J. O'Brien had this to say about me trying to profit from the current contango situation, they might as well have said there is no such thing as a free lunch:

We do not permit physical delivery in Crude Oil & require all clients to be flat 1 business day prior to Last Trade Date, no exceptions.

If anyone knows of a broker that will allow physical delivery let me know.
More...
 
mrtrousers said:
R.J. O'Brien had this to say about me trying to profit from the current contango situation, they might as well have said there is no such thing as a free lunch:

We do not permit physical delivery in Crude Oil & require all clients to be flat 1 business day prior to Last Trade Date, no exceptions.

If anyone knows of a broker that will allow physical delivery let me know.
More...

New ET'er...How do you plan to transport and store your oil you want to take delivery of?
 
Better yet, how do you plan to transport and store your oil in compliance with the specific exchange requirements for making or taking delivery of the physical ?

The State and Federal EPA will also have something to say about storing a thousand plus barrels of oil. :cool:

abc1234 said:
New ET'er...How do you plan to transport and store your oil you want to take delivery of?
More...
 
Wait a minute... Is this an upcoming episode of mythbusters??
Are you all saying 1000 bbls of oil or 112,000 lbs of sugar, or 160 pigs plus or minus won't be dumped on my trugreen suburban backyard lawn? Prime won't deliver either?... C'mon, 1000 bsh of corn is a mini contract, easily stored on an urban high-rise roof!
 
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Dude, delivered in Cushing Oklahoma in some approved warehouse or designated facility.
I just want a certificate/receipt for the 1000 barrels and pay for the storage and insurance cost while I'll hold it, the stuff would never leave the CME circuit, approved facilities, etc..
 
I believe we are witnessing convergence, news says they'll pay you to take the stuff.
Anyway, the question still stands. Is there any broker that will let you take physical delivery?
 
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This is insane... -40.32 print. Maybe you could buy a contract and just dump the oil down the drain. Similar to what the dairy farmers are doing with their milk that they can't sell.
 
mrtrousers said:
Dude, delivered in Cushing Oklahoma in some approved warehouse or designated facility.
I just want a certificate/receipt for the 1000 barrels and pay for the storage and insurance cost while I'll hold it, the stuff would never leave the CME circuit, approved facilities, etc..
More...

Dude, if the majors can't find storage, you really think your 1000 barrels at an approved facility held by a tiny speculator is realistic?
 
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