Cotton Futures

Cotton Futures Meaning:
In commodity terminology, Cotton Futures refer to futures contracts on Cotton trading on an exchange. Cotton refers to a staple fiber that is the most widely-used natural fiber for the manufacture of clothes on the planet. The Intercontinental Exchange or ICE is the principle futures exchange for cotton, but cotton futures also trade on the NYMEX, and Kapas (raw cotton) futures trade on the Mumbai, India-based Multi Commodity Exchange (MCX) as a fiber product.

Cotton Futures Example:
The ICE symbol for Cotton futures is CT but the NYMEX uses TT, and both exchanges have a contract size of 50,000 pounds net weight. The quotes are in U.S. Dollars and the minimum tick value is 1/100 of a cent or $5.00.