Define: Cotton No. 2-NYBOT
Cotton No. 2-NYBOT means the set price per pound of deliverable grade cotton No. 2 on the NYBOT for a specific date according to the Futures Contract.
Cotton No. 2-NYBOT means the set price per pound of deliverable grade cotton No. 2 on the NYBOT for a specific date according to the Futures Contract.
Relevant Circumstances
- When commodities contracts price cotton against the NYBOT benchmark
- If a futures contract sets the settlement price per pound
- Where physical delivery grades must match the deliverable specification