§ 27.94 Spot markets for contract settlement purposes.
Current through Jul 29, 2026 · Read all of Part 27
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]
[53 FR 29327, Aug. 4, 1988, as amended at 88 FR 49994, Aug. 1, 2023]