Futures

aricho

Junior member
Messages
31
Likes
0
Hey,
Sorry this might seem like a stupid question.

If you hold, say a wool future for long enough, do you get the wool?

Thanks for your help.... :cheesy:
 
aricho said:
Hey,
Sorry this might seem like a stupid question.

If you hold, say a wool future for long enough, do you get the wool?

Thanks for your help.... :cheesy:
Yes.
 
In double dumped bails. I think you have to pay the freight from the yards though. Also can't guarantee it will be a grade of wool you really want (pray for NZ Merino or something equally nice).
 
haha, i'd prefer Australian!! :LOL:

do they contact you or is it up to you to find it?
 
It will be in a recognised warehouse and they will demand the payment for it. Then it's up to you. If you leave it warehoused then you pay charges.
 
Top