Revision of Regulations Defining Bona Fide Cotton Spot Markets

概要

The Agricultural Marketing Service (AMS) is proposing to amend the regulation that specifies which states compose bona fide cotton spot markets in order to assure consistency with the revised Cotton Research and Promotion Act. Updated bona fide spot market definitions will allow for published spot quotes to consider spot prices of cotton marketed in Kansas and Virginia. AMS is also proposing to amend references to the "New York Cotton Exchange" to read the "Intercontinental Exchange."