- Trading Screen Product Name
- Cotton No. 2 Futures
- Trading Screen Hub Name
- Contract Symbol
- Contract Size
50,000 pounds net weight
Cents and hundredths of a cent per pound
- Contract Months
March, May, July, October, December
- Minimum Price Movement
1/100 of a cent (one "point") per pound equivalent to $5.00 per contract.
- 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 Points
Galveston, TX, Houston, TX, Dallas/Ft. Worth, TX, Memphis, TN and
- Basis Grade
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 Limits
Position Limit and Position Accountability information for all IFUS
products can be found here
- MIC Code
- Clearing Venue