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Cocoa Futures Contract Specs

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Futures Contract Specifications

The cocoa contract specifications tell you how the cocoa futures trade, not how to trade to cocoa futures. Before you consider opening a commodity futures account you should consult with a licensed commodities broker.

Cocoa Futures

Trading Unit - 10 metric tons

Trading Hours - (New York) 4:00am - 3:15pm EST, (London) 9:00am - 8:15pm EST

Price Quotation - Dollars per metric ton

Contract Listings - March, May, July, September and December

Ticker Symbol - CC

Minimum Price Movement - $1.00/metric ton, equivalent to $10.00 per contract

Daily Price Limit - None

Settlement - Physical Delivery

Last Trading Day - One business day prior to last notice day.

First Notice Day - Ten business days prior to the first business day of the delivery month.

Last Notice Day - Ten business days prior to the last business day of the delivery month.

Deliverable Growths - The growth of any country or clime, including new or yet unknown growths. Growths are divided into three classifications listed below.

Group A–Deliverable at a premium of $160/ton (including main crops of Ghana, Lome, Nigeria, Ivory Coast and Sierra Leone).

Group B–Deliverable at a premium of $80/ton (includes Bahia, Arriba, Venezuela, Sanchez among others).

Group C–Deliverable at par (includes Haiti, Malaysia and all others).

Delivery Points - To licensed warehouses at the Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany or Port of Baltimore.

Cocoa Futures Specifications

Click on the link above to download a printable .pdf reference sheet entitled “ICE Futures US Cocoa Futures” which contains the current cocoa futures contract specifications. The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclosure.

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