Citrus Associates of the New York Cotton Exchange: Proposed Amendments Relating to the Locational Price Differentials for the Frozen Concentrated Orange Juice Futures Contract

Zusammenfassung

The Citrus Associates of the New York Cotton Exchange (CANYCE) has submitted proposed amendments to its frozen concentrated orange juice (FCOJ) futures contract. The proposed amendments will reduce the contract's existing discount for futures delivery at the California delivery points and eliminate the discount applicable to futures delivery at the contract's Northeastern U.S. delivery points. 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 the proposed amendments are of major economic significance. On behalf of the Commission, the Division is requesting comment on this proposal.