New York Cotton Exchange (NYCE): Proposed Amendments to the NYCE Cotton No. 2 Futures Contract

概要

The New York Cotton Exchange (NYCE or Exchange) has submitted the proposed amendments to the cotton No. 2 futures contract for approval under Section 5c(c)(2) of the Commodity Exchange Act. The proposed amendments will: (1) Provide for price differentials for cotton having micronaire levels of 4.8 and 4.9; (2) increase to 25 grams per tex the minimum strength requirement for deliverable cotton; (3) establish price differentials for "old crop" cotton, and (4) clarify the definition of a warehouse bale tag coupon. The Acting Director of the Division of Economic Analysis (Division) of the Commission, acting pursuant to the authority delegated by Commission Regulation 140.96, has determined that publication of the proposed amendments is in the public interest and will assist the Commission in considering the views of interested persons.