When we first came into contact with futures, we would have many questions about futures. Futures have a delivery date, but individual investors can't hold contracts before the delivery date, so why can't individual investors deliver futures?

Why can't individual futures investors deliver?

First of all, it needs to be clear that not all futures are not allowed to be delivered by individual investors, only commodity futures are not allowed to participate in delivery, while financial futures are allowed. Financial futures mainly include stock index futures and treasury bonds futures. Stock index futures are delivered in cash and treasury bonds futures are delivered in kind, but the delivery process is actually to record an account in an individual's treasury bond account.

The reason why individual investors are not allowed to deliver in commodity futures is because the commodities delivered in commodity futures are real commodities and weigh tons. On the one hand, most investors do not have the storage capacity, on the other hand, if individual investors are allowed to deliver, the requirements for delivery warehouses will be high, and the cost will be high to meet such a large delivery demand.

In fact, the delivery demand is generally a legal person investor with hedging demand in production and operation, while the purpose of individual investors is to invest, so delivery is not needed.