Cotton

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Cotton Specifications

Exchange: ICE Exchange

Contract  Size: 50,000 pounds net weight

Pricing Unit: Cents and hundredths of a cent per pound

Tick Size (minimum fluctuation): 1/100 of a cent (one point) per pound equivalent to $5.00 per contract

Contract Months (Symbols): March (H), May (K), July (N), October (V), December (Z)

Trading Hours (ICE, electronic): Pre-Open 6:30pm, 8:00pm – 1:30pm (next day) (Sunday thru Friday CST)

Daily Price Limit: Futures contracts are subject to a daily price limit that can range from 3 to 7 cents per pound.

Settlement Procedure: Physical Delivery

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 Trade Day: Seventeen business days from end of spot month.

Last Notice Day: Twelve business days from end of spot month.