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

Symbol

CC

Contract Size

10 metric tons

Price Quotation

Dollars per metric tons

Contract Listing

March, May, July, September, December

Minimum Price Movement

$1.00/metric ton, equivalent to $10.00 per contract.

Settlement

Physical Delivery

Daily Price Limit

None

Deliverable Growths

The growth of any country or clime, including new or yet unknown growths. Growths are divided into three classifications. Group A-Deliverable at a premium of $160/ton (including main crops of Ghana, Lome, Nigeria, Ivory Coast and Sierra Leone). Group B-Deliverable at a premium of $80/ton (includes Bahia, Arriba, Venezuela,Sanchez among others). Group C-Deliverable at par (includes Haiti, Malaysia and all others).

Delivery Points

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

Ten business days prior to first 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 Limits

Position Limit and Position Accountability information for all IFUS products can be found here.

MIC Code

IFUS

Clearing Venues

ICUS