This soft staple fiber from the bolls of the cotton plant has been cultivated since about 3000 BC in the Indus Valley - part of modern-day India and Pakistan - and as early as 5000 years ago in the Americas. Ancient cultures spun cotton to make fine garments and textiles. Wild, uncultivated cotton has been found in Australia, Africa, Arizona, Central America, California, Brazil, and Mexico - and through breeding and selection, wild cotton plants were developed into the processing-friendly varieties grown today.
Contract Size: 50,000 pounds
Price Quote & Tick Size: Cents and hundredths of a cent per pound; minimum fluctuation is 1/100 of a cent per pound = $5.00 per contract
Contract Months: March, May, July, October, December
Trading Specs: Futures electronically only on the Intercontinental Exchange 21:00-14:30 ET. Options floor trading hours are 10:30 AM to 2:15 PM ET
Daily Price Limit: Futures contracts are subject to a daily price limit that can range from 3 to 7 cents per pound.
Trading Symbols: CT