Kind of like the stock market, all on emotion.

I agree. In theory, if you get "caught" owning a futures contract when it
closes, you can be forced to take delivery of the actual product. You can
also be forced to deliver the actual product. If futures traders were forced
to own facilities to accommodate delivery of the underlying product, or
forced to own the product before selling a futures contract, there would be
a LOT less speculation.

Jim