Stock of commodities that are certificated are also referred to as "certified stocks." They can be used as delivery against futures contracts and are normally kept at a holding facility until transfer.
For grain, a certificated stock is known as "stocks in deliverable position" or deliverable stock.
Investment dictionary. Academic. 2012.
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certificated stock — Stocks of a physical commodity that have been inspected by the exchange and found to be acceptable for delivery on a futures contract. They are stored at designated delivery points. The CENTER ONLINE Futures Glossary … Financial and business terms
certificated stock — noun : a quantity of a commodity available in a warehouse and certified by a commodity exchange as deliverable on future contracts usually used in plural … Useful english dictionary
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