Hi Mike

I could not agree more with every single word you have said.

Futures Contracts are meaningless if the Contracts are not settled in the underlying asset they are supposedly trying to value.

Like you say, it will only take a tiny proportion of the holder of the Contract to demand actual delivery of the very underlying asset they are contracted to settle to bring the entire Global Financial Market crashing to the floor.

Have a great day Mike.

Kind regards,

Stephen