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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Cotton futures are traded on the New York Mercantile Exchange under ticker symbol TT in dollars and cents per pound.[1]
Chart
Cotton futures prices for a July, 2009 delivery date. Prices are in dollars and cents per pound.
Delivery Dates
Cotton futures are delivered every year in March, May, July, October, & December.[1]
The following is a table with Cotton futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction. Please note, the below lists the proper symbols as given by the exchange, for Wikinvest charting purposes, the symbol TTC should be used in place of TT for Cotton Futures on the NYMEX.
| Delivery Month | Full Ticker Symbol | Thomson-Reuters Symbol |
| March, 2009 | TTH9 | TT/H9-NM |
| May, 2009 | TTK9 | TT/K9-NM |
| July, 2009 | TTN9 | TT/N9-NM |
| October, 2009 | TTV9 | TT/V9-NM |
| December, 2009 | TTZ9 | TT/Z9-NM |
Contract Specifications
Contract Size
One Cotton futures contract on the New York Mercantile Exchange is 50,000 pounds.[1]
Daily Price Limit
3 cents above or below previous day’s settlement price. Whenever any of the two futures contract months with the highest open interest settles at 84.00 or higher, then all months may trade at four cents above or below the previous session’s Settlement Price. Spot month - no limit on or after the first notice day.[1]
Trading Hours
Cotton futures contracts are traded everyday exclusively on the CME Globex from 6:00 pm Sunday through 5:15 pm Friday, Eastern Time with a 45-minute break each day between 5:15 pm and 6:00 pm.[1]
Last Trading Day
Trading of Cotton futures contracts on the New York Mercantile Exchange ends on the business day immediately preceding the first notice day on the New York Board of Trade.[1]
Deliverable Grades
Deliverable Cotton grades for futures contracts on the New York Mercantile Exchange are: Basic Grade= strict low middling quality and 1 2/32nd of an inch staple length.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 The New York Mercantile Exchange's contract specification for Cotton futures
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