Cotton Limits 3 CentsAug 23, 2010 Cotton No. 2® Daily Price Limit Reverts to 3 Cents – Effective Monday, August 23, 2010 Effective with the start of trading on Monday, August 23, 2010, the Daily Trading Limit for Cotton No. 2® futures contracts will be 3 cents per pound (300 points) above and below the prior day Settlement Price for the respective contract for all months. The reversion to a 3 cent Daily Price Limit is consistent with Exchange Rule 10.09(b), which provides that the limit shall revert back to 3 cents per pound on the business day following a day on which no futures delivery month closes at limit bid or offer at the 4 cent Daily Price Limit, and on which neither of the two futures contract months with the highest open interest settles at 84 cents per pound or higher. DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by Commodity & Derivative Adv. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Read Entire Disclaimer. |
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