NYBoT raises limits on some cotton contracts

The New York Board of Trade (NYBOT), a subsidiary of Intercontinental Exchange, said on Wednesday it will raise limits for any single month of its Cotton No 2 contract to 3,500 futures equivalent contracts from 2,500 contracts.
The amendment to Rule 6.19 to increase the Any Single Month speculative position limits becomes effective on July 11. The new limit is identical to the Commodity Futures Trading Commission's (CFTC) Any Single Month category, the exchange said in a press release.
The new Exchange and CFTC net limits for futures and options combined are 300 futures equivalent contracts for the spot month, 3,500 for Any Single Month, and 5,000 for the All Months Combined category.
Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of July 10 totalled 692,231 (480-lb) bales, from 703,832 bales the previous session. There were no bales issued, 1,319 bales were awaiting review and 9,498 bales were decertified.