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This is a recurring nightmare of mine: forgetting to close out a commodity futures contract, then suddenly having 20,000 bushels wheat (or whatever it was) show
by jallmann 11y ago
This is a recurring nightmare of mine: forgetting to close out a commodity futures contract, then suddenly having 20,000 bushels wheat (or whatever it was) show up on my doorstep one morning. Brrrr.
- oxryly1 11y agoOk, in the commodities trading business there have GOT to be stories of this sort of thing happening.
- slyall 11y agohttp://thedailywtf.com/articles/Special-Delivery http://thedailywtf.com/articles/Special-Delivery Edit: Oops, somebody already posted, later in the thread.
- oxryly1 11y agoOk, neat story, certainly. But is there any indication that it isn't completely fictional? Edit: similar info here http://www.minyanville.com/businessmarkets/articles/futures-contracts-expiration-soybeans-eggs-oil/9/21/2009/id/24547 http://www.minyanville.com/businessmarkets/articles/futures-... It seems these stories tend to be apocryphal. Oh well.
- auntienomen 11y agoOne of the better ones I've heard is that John Maynard Keynes took delivery of a grain contract while running the Chest Fund of King's College Cambridge. Not having any better place to store the grain, he filled up the college's chapel with it, leading a reverend to remark "Mr. Keynes must believe that God is some sort of enormous chicken."