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ICE Futures U.S.

Cocoa Futures

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Description

The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports.

Market Specifications

Trading Screen Product Name
Cocoa Futures
Trading Screen Hub Name
NYCC
Contract Symbol
CC
Contract Size
10 metric tons
Price Quotation
Dollars per metric tons
Contract Series
March, May, July, September, December
Minimum Price Fluctuation
$1.00/metric ton, equivalent to $10.00 per contract.
Settlement
Physical Delivery
Daily Price Limit
None
Deliverable Origins
The Growth of any country is deliverable, and Growths are divided into three delivery Groups:

Group A (deliverable at a premium of $160/ton) includes the Growths of Ghana, Ivory Coast, Nigeria, Sierra Leone and Togo.

Group B (deliverable at a premium of $80/ton) includes the Growths of Arriba (Ecuador), Cameroon, Colombia, New Guinea, Venezuela and several other Growths.

Group C (deliverable at par) includes the Growths of Bolivia, Haiti, Indonesia-Sulawesi, Malaysia and all other Growths not specified in the contract Rules as being in Groups A, B or C.
Delivery Locations
At licensed warehouses in the Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany or Port of Baltimore.
First Notice Day
Through and including the December 2021 expiry: Ten business days prior to the first business day of delivery month.

Commencing with the March 2022 expiry: Ten business days prior to the sixth business day of delivery month.
Last Trading Day
One business day prior to last notice day.
Last Notice Day
Ten business days prior to last business day of delivery 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

Trading Hours

CityTradingPre-Open
New York4:45 AM - 1:30 PM
04:45 - 13:30
8:00 PM
20:00
London9:45 AM - 6:30 PM
09:45 - 18:30
1:00 AM
01:00
Singapore4:45 PM - 1:30 AM
16:45 - 01:30
8:00 AM
08:00

**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:00 pm to 6:00 pm NY time on the prior Exchange business day.

Codes

Clearing Admin Name
Cocoa
Physical
CC
Logical
CC
GMI (FC)
CY
ION A.C.N.
2050
Symbol Code
CC