Market regulation · 01/02/1995

New York Cotton Exchange: Proposed Amendments Relating to Permissible Compression, Bale Weight, and Numbers of Bales in a Delivery Unit for the Cotton No. 2 Futures Contract

The New York Cotton Exchange (``NYCE'') has submitted proposed amendments to its cotton No. 2 futures contract that will: (1) Provide that only cotton bales that have been gin universal density (GUD) compressed may be delivered on the futures contract; (2) narrow the weight range for deliverable individual bales of cotton to 400 to 650 pounds from the existing range of 325 to 675 pounds; and (3) specify that the total number of bales in a delivery unit may not be fewer than 92 or greater than 108. In accordance with Section 5a(a)(12) of the Commodity Exchange Act and acting pursuant to the authority delegated by Commission Regulation 140.96, the Acting Director of the Division of Economic Analysis (``Division'') of the Commodity Futures Trading Commission (``Commission'') has determined, on behalf of the Commission, that publication of the proposed amendments is in the public interest and will assist the Commission in considering the views of interested persons.