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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 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, 2009 | CTH9 | CT/H9-CT |
| May, 2009 | CTK9 | CT/K9-CT |
| July, 2009 | CTN9 | CT/N9-CT |
| October, 2009 | CTV9 | CT/V9-CT |
| December, 2009 | CTZ9 | CT/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
3 cents above or below previous day's settlement price.[1]
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
- Initial Margin: $1820.00[1]
- Maintenance Margin: $1300.00[1]
References
- ↑ 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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