Cotton No 2

8006.8
0.67%

Daily
  • L. 0.0
  • H. 0.0
  • Ch. 54.0
  • Ch.% 0.67%
Overview
Costs & Margins
  • Cotton is the primary textile for clothing production but has extensive uses in home furnishings and medical supplies. Cotton production requires a warm, semi-arid climate and large amounts of water.

    Cotton No 2 is the name of futures contract that is considered the benchmark for all futures and options contracts traded on the New York (NYMX) and Chicago Mercantile Exchanges (CME). The market is used as the benchmark contract for all global cotton markets. The contract size for cotton is 50,000 pounds, approximately 100 bales of the soft commodity.

    The biggest cotton producers are China, India and the United States, with the United States accounting for 40% of all cotton exports.

  • Margin From
    20 %
  • Trading Hours
    1:00:00 AM - 6:30:00 PM
  • Min Trade Size
    1
  • Long
    0
  • Short
    0
  • Min Stop Distance
    0 Points
  • Guaranteed Order Minimum
    0.1 Points
  • Spreads
  • Spreads From
    10.0 Points
  • Margins
  • 0 +
    20 %
  • Dealing
  • Spreads
    10.0 Points
  • Guaranteed Order Min Distance
    0.1 Points
  • Margins
  • 0 +
    20 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
7971.5
Bid
8001.8
Offer
8011.8
Distance
0
Last Updated: 4/18/2024 6:20:00 PM
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