.jpg)
A new Cotton No. 2sm (symbol CT) daily futures volume record was set at the New York Board of Trade® (NYBOT®) on Monday, November 13, of 61,464 contracts. The previous record of 55,376 futures contracts was established at the world’s leading “soft” commodities exchange on May 31, 2006.
Cotton futures also hit an open interest record of 186,243 contracts on November 6, 2006, surpassing the earlier high of 185,674 contracts registered October 18, 2006.
NYBOT’s Cotton No. 2 futures contract volume has grown 27% year-to-date. The contract calls for 50,000 pounds net weight of cotton, or approximately 100 bales. Cotton trades at NYBOT from 10:30 a.m. to 2:15 p.m. (NY Time). NYBOT’s New York Cotton Exchange was founded in 1870.
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.
