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Why can commodity futures be delivered in cash?
Hello, commodity futures and treasury bonds futures are both physical delivery, and the final delivery of physical delivery is the commodity itself; Stock index futures are cash delivery, and when they are forced to close their positions at maturity, the profits and losses will be directly transferred to investors' accounts.

For general futures products, individuals are still not allowed to enter the delivery month, and will be forced to close their positions on the last domestic trading day one month before the delivery month. If it is a legal person, you can enter the delivery month; For some varieties in Shanghai, individuals can also enter the delivery month, but they cannot deliver. General commodity futures are delivered in kind and stock index futures are delivered in cash.

See if you want commodity futures or stock index futures. If stock index futures deliver cash, if commodity futures, the buyer needs to pay cash or warehouse receipts, if the seller needs to pay physical warehouse receipts.