Cotton

From MarketsWiki

Cotton futures and options are traded on ICE Futures US, formerly the New York Board of Trade. Cotton futures began trading in 1870 at New York's original futures exchange. The contract size is 50,000 pounds.

The ICE cotton contract calls for delievery of certain minimum standards basis grade and staple length, specifically, Cotton No. 2. The delivery points for ICE Cotton are Galveston, TX, Houston, TX, New Orleans, LA, Memphis, TN and Greenville/Spartansburg, S.C.

The reportable position level for Cotton is 100 or more contracts. The position lilmit is 300 in the spot contract, 3500 in a single month and 5000 contracts in all months.