Cotton, a soft fiber that grows around the cotton plant, is the world’s most widely-used natural fiber for clothing. Archaeological findings have discovered that people from India and South America grew cotton as far back as 7,000 years ago. It was a pivotal factor in wars including the United States Civil War in the 1860s. Today, cotton is used in a number of industries, including textiles, coffee filters, paper printing, and livestock feed.

To maximize the needs of the cotton market, the New York Mercantile Exchange has made available a cocoa futures contract for trading on the CME Globex® trading platform and for clearing through NYMEX ClearPort® clearing.

The size of each contract is 50,000 pounds and its commodity code is TT. It is financially settled, and the final settlement price shall be set at the value of the New York Board of Trade cotton futures contract on the termination day of the contract month, or as specified by the Board of Directors.