1. Which is not a viable method of effectively closing out a long position in a commodity forward contract?

1. Make payment at delivery for the contractual commodity.
2. Take a reversing position in an identical commodity future that has a delivery date one month after your contract.
3. Enter into an identical, but reverse position, contract with a third party.
4. Enter into an identical, but reverse position, contract with the original party who holds the short forward contract.