in sight

A term describing deliverable grades of commodities underlying futures contracts that are held in approved delivery facilities near terminals, centralized locations or production areas.

Investopedia Says:
When a commodity is considered 'in sight', contract holders can assume that delivery of the actuals will be prompt, and that the quantity and quality will be precise rather than estimated.

Related Links:
For those who are new to futures but want a solid understanding of them, this tutorial explains what futures contracts are, how they work and why investors use them. Futures Fundamentals

Denotes a negotiable instrument, such as a bill of exchange or draft payable when presented to the drawee.

1.  Within one's range of vision, as in The sailboat was still in sight on the horizon. [c. 1200]
2.  Also, in one's sight or sights. Before one's eyes; also, within one's awareness. For example, In the world's sight he was at fault, or Harold had that promotion firmly in his sights. [c. 1200]

The adjective has one meaning:

Meaning #1: at or within a reasonable distance for seeing
  Synonym: in view