A record 38,729 futures contracts were traded in cocoa, replacing the previous high of 36,681 contracts, established August 11, 2004. Additionally, cotton open interest hit a record 143,159 contracts, surpassing the earlier record of 141,881 contracts, set April 11, 2006.
NYBOT’s Cocoa futures and options contracts are traded from 8:00 am until 11:50 am (NY Time). The contract is 10 metric tons (22,046 pounds) of exchange-certified cocoa. The Cotton No. 2 contract calls for 50,000 pounds net weight of cotton (or approximately 100 bales), and trades floor from 10:30 a.m. to 2:15 p.m. (NY Time).
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.
