Category
Agricultural
Exchange
ICE Futures US
Contract Size
50,000 pounds (~100 bales) of cotton
Symbol
CT
ICE Cotton No. 2 futures are the global benchmark for cotton pricing. As a major textile input, cotton prices are affected by US planting data, Indian/Chinese production, consumer textile demand, and weather events in key growing regions (US Southern Plains, India, China).
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Mon–Fri 21:00–14:20 ET (electronic).
Exchange maintenance margin ~$2,500–$3,500.
CBOT Wheat futures (ZW) track the price of soft red winter wheat, a major food staple. Wheat prices are sensitive to weather, geopolitical events (Black Sea region supply), and USDA inventory reports. Three types of wheat futures exist: SRW (CBOT), HRW (KC), and spring wheat (MGEX).
Lean Hog futures represent the pork market and are influenced by feed costs, disease outbreaks (African Swine Fever), consumer demand, and export dynamics (China is a major pork importer). The hog market exhibits strong seasonal patterns around grilling season and holiday demand.
ICE Arabica Coffee futures (KC) are the global benchmark for specialty coffee pricing. Brazil, the world's largest producer, drives supply dynamics. Climate events (frost, drought) in Brazil can cause extreme price spikes. Coffee is one of the most volatile soft commodities. A 1 cent move = $375 per contract.
Live Cattle futures track the price of fed cattle ready for slaughter. The cattle market is influenced by feed costs (corn), consumer demand, and cattle-on-feed reports. Cattle futures can be volatile around USDA reports and seasonal demand shifts. The cattle crush (feeder cattle → live cattle) is a popular spread trade.