QUOTE AND NEWS
The Hindu Business Line  Jun 13  Comment 
The Cotton prices are under pressure. The cotton futures contract traded on the Multi Commodity Exchange (MCX) has tumbled about 3 per cent so far this month. It is currently trading at ₹20,450 per b...
Financial Times  Jun 9  Comment 
Existing US benchmark may be flawed, but ICE’s alternative failed to take off
Agrimoney.com  Jun 1  Comment 
... says Rabobank, flagging the prospect of world output growth. Still, prices will stay volatile for now, and face demand boosts from next year
The Hindu Business Line  May 16  Comment 
A sudden spurt in cotton futures in the international market over the last three days has left cotton traders perplexed in India. While the fundamentals support a possible bearish trend owing to wid...
Agrimoney.com  May 15  Comment 
Cotton futures reach their highest in nearly three years, as investors face "huge margin calls" on short bets. But long positions suffer in wheat
Agrimoney.com  May 12  Comment 
Cotton takes to 7% gains in two sessions. But is the rally sustainable? Cocoa rises strongly too. But other ags join the broader financial market calm
Financial Times  May 11  Comment 
Latest crop report from US adds to recent bout of profit-taking by traders
Agrimoney.com  May 10  Comment 
Latest forecasts for the world sugar output surplus suggest only a "trim" is needed, rather than a "cut". But 2017-18 forecasts sink cotton futures
Agrimoney.com  Apr 24  Comment 
Official data show speculators once again raising bullish betting on cotton, as strong old-crop demand trumps ideas of a big US harvest ahead
Benzinga  Mar 15  Comment 
May New York Cotton is trading at 77.85, up 0.70 cents/lb. July New York Cotton is trading at 78.88, up 0.69 cents/lb. New York cotton futures are trading at the session highs. Market chatter weather forecasts in the U.S. and global...




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Cotton No. 2 futures are traded on the New York Board of Trade under ticker symbol CT in cents and hundredths of a cent per pound.[1]

The chart at left shows Front Month cotton futures prices on the New York Board of Trade (NYBOT) in cents and hundredths of a cent per pound.


Delivery Dates

Cotton No. 2 futures are delivered every year in March, May, July, October, and December.[1]

The following is a table with Cotton No. 2 futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
March, 2009CTH9CT/H9-CT
May, 2009CTK9CT/K9-CT
July, 2009CTN9CT/N9-CT
October, 2009CTV9CT/V9-CT
December, 2009CTZ9CT/Z9-CT

Contract Specifications

Contract Size

One Cotton No. 2 futures contract on the New York Board of Trade is 50,000 pounds net weight.[1]

Tick Value

1/100 of a cent (one "point") per pound equivalent to $5.00 per contract.[1]

Daily Price Limit

5 cents above or below previous day's settlement price.[1]

Feb 3, 2011

The U.S. Commodity Futures Trading Commission has approved higher daily trading limits in the ICE Futures U.S. cotton market, trading sources said on Thursday.

The changes expand the daily trading limit to 7.00 cents if the price of cotton is trading at $1.7001 or higher.

The higher limits are in a scale running from 3.00 cents to 7.00 cents. The new plan would force daily limit moves within a specific trading band.

Trading Hours

  • On the CME Globex electronic platform: 2:30 AM until 2:45 PM, New York Time.[1]

Last Trading Day

Seventeen business days from end of spot month.[1]

Deliverable Grades

Quality: Strict Low Middling, Staple Length: 1 2/32nd inc.[1]

Margin

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 The New York Board of Trade's contract specification for Cotton No. 2 futures
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