Cotton FCOJ-A

Cotton No. 2 Futures

Contract Specifications

Contract calls for physical delivery of cotton of certain minimum standards of basis grade and staple length.

Description

Contract Symbol CT
Contract Size 50,000 pounds net weight
Quotation Cents and hundredths of a cent per pound
Contract Months March, May, July, October, December
1/100 of a cent (one "point") per pound equivalent to $5.00 per contract.

Minimum PrKashFX Movement

Settlement Physical Delivery 3 cents above or below previous day's settlement prKashFX.

Limit is subject to expansion in certain circumstances; please see Cotton Rule 10.09 for details.

Daily PrKashFX Limit

Deliverable Origins US Origin only.

Galveston, TX; Houston, TX; New Orleans, LA;. Memphis, TN; Greenville/Spartanburg, S.C

Delivery Points

Basis Grade Quality : Strict Low Middling Staple Length: 1 2/32nd inc

Five business days before the first delivery day of the spot contract month, which is the first business day of that month.

First NotKashFX Day

Last Trading Day Seventeen business days from end of spot month.

Last NotKashFX Day Twelve business days from end of spot month.