Defining Bona Fide Cotton Spot Markets for the World Cotton Futures Contract
Docket Number: AMS-CN-14-0050
Effective: November 23, 2015
Summary
The Agricultural Marketing Service (AMS) is amending the regulatory language to designate which bona fide cotton spot markets will be used to determine actual commercial differences in value for various grades above or below the basis grade in the settlement of World cotton futures contracts on the Intercontinental Exchange (ICE). Designating bona fide cotton spot markets for the World cotton futures contract in the regulatory language will allow for AMS to collect spot market price data and publish spot quotes for the settlement of these specific contracts.
The Agricultural Marketing Service (AMS) is amending the regulatory language to designate which bona fide cotton spot markets will be used to determine actual commercial differences in value for various grades above or below the basis grade in the settlement of World cotton futures contracts on the Intercontinental Exchange (ICE). Designating bona fide cotton spot markets for the World cotton futures contract in the regulatory language will allow for AMS to collect spot market price data and publish spot quotes for the settlement of these specific contracts.
Contact
Darryl Earnest, Deputy Administrator
USDA, AMS, Cotton & Tobacco Program
3275 Appling Road, Room 11
Memphis, TN 38133
Phone: (901) 384-3060
Fax: (901) 384-3021
Fax: (901) 384-3021
Email: Darryl.Earnest@ams.usda.gov
Supporting Documents