Defining Bona Fide Cotton Spot Markets for the World Cotton Futures Contract
other · Agricultural Marketing Service · Rule · Published 2015-10-22 · Effective 2015-11-23 · 80 FR 63889
Document
Document number
2015-26953
Federal Register citation
80 FR 63889
CFR reference
7 CFR 27
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Agricultural Marketing Service
Publication date
2015-10-22
Effective date
2015-11-23
USDA docket
Doc. #AMS-CN-14-0050
Abstract
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.