Cotton No. 2 futures are delivered every year in March, May, July, October, and December.
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|
One Cotton No. 2 futures contract on the New York Board of Trade is 50,000 pounds net weight.
1/100 of a cent (one "point") per pound equivalent to $5.00 per contract.
5 cents above or below previous day's settlement price.
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.
Seventeen business days from end of spot month.
Quality: Strict Low Middling, Staple Length: 1 2/32nd inc.