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The Frozen Concentrated Orange Juice (FCOJ) futures contract (symbol OJ), at the New York Board of Trade® (NYBOT®) registered the largest percentage price increase of 67.1 percent out of the 23 most actively-traded physical commodity futures contracts, tracked in the 2006 Ranked Return Analysis by Bloomberg L.P., a market news and data company. The FCOJ contract advanced 45.4 percent in 2005.
Additionally, NYBOT’s Sugar No. 11sm futures contract (symbol SB) ranked eighth, with a price decline of 34.5 percent in 2006, as compared to 62.4 percent increase in 2005. NYBOT’s Cotton No. 2sm (symbol CT) and Cocoa futures contract (symbol CC) prices declined 15.3 percent and 5.9 percent, respectively, in 2006. [Investment and trading opportunities exist in both upward and downward trending price moves in futures and options markets.]
NYBOT’s FCOJ contract has a trading unit of 15,000 pounds of orange solids, and trades from 10:00 am to 1:30 pm (NY Time), and the World Sugar contract trades from 9:00 am to 12:00 pm (NY Time), and calls for 112,000 lbs. of raw centrifugal cane sugar. Additionally, the NYBOT Cotton No. 2 contract is for 50,000 pounds net weight of cotton, or approximately 100 bales, and trades at NYBOT from 10:30 a.m. to 2:15 p.m. (NY Time), and Cocoa trades at NYBOT from 8:00 am until 11:50 am (NY Time), and is for 10 metric tons (22,046 pounds) of exchange-certified cocoa.
The Bloomberg Commodity Ranked Returns analysis measures the performance for the 22 most active physical commodity futures contracts for a one-year period. The return for each commodity is based on the purchase and sale of the nearest futures contract over the course of the year, and the actual performance is tracked as though the first nearby contract was purchased at the settlement price on the start date and sold at the settlement price on the last trade date. The position is simultaneously rolled to the next nearby contract at the settlement price on that trade date. This calculation methodology is continued for the entire period to produce the Year-To-Date return.
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.
