cotton NO. 2 FUTURES

Trading Unit: 50,000 pounds net weight (approximately 100 bales).

Trading Hours: 10:30 a.m. - 2.-40 p.m. (New York time).

Ticker Symbol: CT

Trading Months: Current month plus one or more of the next seventeen succeeding months. Active trading months: March, May, July, October, December.

Price Quotation: Prices quoted in cents and hundredths of a cent per pound.

Min Price Fluctuation: 1/100 of a cent (one "point") per pound.

Point Value: $5.00

Daily Limit: 2C above or below previous day's settlement price. Higher limits can take effect under certain market conditions. Spot month - no limit on or after notice day.

Delivery: First Notice Day: Five business days from end of month preceding spot month. First Delivery Day: First business day of spot month. Last Trading Day: Seventeen business days from end of spot month.

Last Notice Day.- Five business days after last trading day. Last Delivery Day: Five business days after last notice day.

Delivery Points: Galveston, TX; Houston, TX: New Orleans, LA; Memphis, TN, Greenville / Spartanburg, SC.


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