7 CFR 27.94
§ 27.94 Spot markets for contract settlement purposes.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 27.94, § 27.94 Spot markets for contract settlement purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/13626
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Full text
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]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.