Cotton No. 2 Futures254
ICE Futures U.S.
Cotton No. 2 Futures
Description
Contract calls for physical delivery of cotton of certain minimum standards of basis grade and staple length.
Market Specifications
- Trading Screen Product Name
- Cotton No. 2 Futures
- Trading Screen Hub Name
- NYCC
- Contract Symbol
- CT
- Contract Size
- 50,000 pounds net weight
- Quotation
- Cents and hundredths of a cent per pound
- Contract Series
- March, May, July, October, December
- Minimum Price Fluctuation
- 1/100 of a cent (one "point") per pound equivalent to $5.00 per contract.
- Settlement
- Physical Delivery
- Daily Price Limit
- Futures contracts are subject to a daily price limit that can range from 3 to 7 cents per pound. Please consult Rule 10.09 for details (Click here for Cotton Rules.pdf)
- Deliverable Origins
- US Origin only.
- Delivery Locations
- Galveston, TX, Houston, TX, Dallas/Ft. Worth, TX, Memphis, TN and Greenville/Spartanburg, SC.
- Grade/Standards/Quality
- Quality : Strict Low Middling Staple Length: 1 2/32nd inc
- First Notice Day
- Five business days before the first delivery day of the spot contract month, which is the first business day of that month.
- Last Trading Day
- Seventeen business days from end of spot month.
- Last Notice Day
- Twelve business days from end of spot month.
- Position Limit
- "Position Limit and Position Accountability information for all IFUS products can be found here.
- Markers
- TAS (Trade at Settlement)
- MIC Code
- IFUS
- Clearing Venues
- ICUS
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 9:00 PM - 2:20 PM* 21:00 - 14:20 | 7:30 PM 19:30 |
| LONDON | 2:00 AM - 7:20 PM 02:00 - 19:20 | 12:30 AM 00:30 |
| SINGAPORE | 10:00 AM - 3:20 AM* 10:00 - 03:20 | 8:30 AM 08:30 |
*Next Day
**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:50 pm to 6:00 pm NY time on the prior Exchange business day.
Codes
- Clearing Admin Name
- Cotton No 2
- Physical
- CT
- Logical
- CT
- GMI (FC)
- 28
- ION A.C.N.
- 2205
- Symbol Code
- CT