In the October 22, 2015, Federal Register, USDA's AMS issued a final rule amending the regulatory language to designate which bona fide cotton spot markets will be used to establish actual commercial differences in value for various grades above or below the basis grade in the settlement of world cotton futures contracts on the Intercontinental Exchange ("ICE"). This will allow AMS to collect spot market price data and publish spot quotes for the settlement of these specific contracts. The rule is effective November 23, 2015.
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