Ice Cotton Futures Contract Specifications

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Ice cotton futures contract specifications. Agricultural metals currency credit and equity index futures and options contracts. Services for interest rate equity index ag and global energy derivatives. Ice clear europe energy. Continues to build on more than a century of providing secure capital efficient counterparty risk management and post trade services for ice futures u s.

Cotton contracts usually expire in the months of march may july october and december. 2 cotton with a quality rating of strict low middling and a staple length of 1 and 2 32 inch. Cotton prices continue to increase thanks to the fact that out of all the fiber that is in use around the globe on a daily basis cotton accounts for over 30 of it. Jan feb mar apr may jun jul aug sep oct nov dec.

Specifications are grouped by market category currencies energies financials grains indices meats metals and softs. Delivery points include texas galveston and houston new orleans memphis and greenville spartanburg in south carolina. The new york cotton exchange s futures contract calls for the delivery of 50 000 pounds net weight approximately 100 bales of no. Established in 1915 as the new york cotton exchange association ice clear u s.

Specifications for futures contracts include. On the ice and nymex a cotton contract is settled for 50 000 pounds of the commodity and can be traded on their electronic trading platforms. For the index contracts that have 500 day trading margins the margin will increase to 1 000 outside the regular trading hours of 7 30a to 5p cst. Margins and specifications are subject to change without notice.

Sym the root symbol for the commodity. Cotton futures trading is significantly impacted by the fact that the united states india and china are all responsible for the production of over 60 of the cotton used all over the world. The futures contract specifications page provides a complete look at contract specs as provided by the exchanges. The first cds clearing house.