GroundRules
7 CFR 27.94: Spot markets for contract settlement purposes.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER I—AGRICULTURAL MARKETING SERVICE (STANDARDS, INSPECTIONS, MARKETING PRACTICES), DEPARTMENT OF AGRICULTURE
- SUBCHAPTER A—COMMODITY STANDARDS AND CONTAINER REQUIREMENTS
- PART 27—COTTON CLASSIFICATION UNDER COTTON FUTURES LEGISLATION
- Subpart A—Requirements
The following are designated as spot markets for the purpose of determining as provided in paragraph 15b(f)(3) of the act, the differences above or below the contract price which the receiver shall pay for grades tendered or deliverable in settlement of a basis grade contract:
(a) For cotton delivered in settlement of any No. 2 contract on the Intercontinental Exchange (ICE); Southeastern, North and South Delta, East Texas and South Texas, West Texas, Kansas, Oklahoma, and Desert Southwest.
(b) [Reserved]
Collected 2026-08-27T02:24:01Z. Source file · JSON