CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER I—AGRICULTURAL MARKETING SERVICE (Standards, Inspections, Marketing Practices), DEPARTMENT OF AGRICULTURE (parts 27 to 206) > SUBCHAPTER A—COMMODITY STANDARDS AND STANDARD CONTAINER REGULATIONS (parts 27 to 44) > PART 27—COTTON CLASSIFICATION UNDER COTTON FUTURES LEGISLATION > SUBPART A—Regulations (§27.1 to §27.100) > 27.94—Spot markets for contract settlement purposes.

27.94—Spot markets for contract settlement purposes.

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 New York Cotton Exchange: Southeastern, North and South Delta, Eastern Texas and Oklahoma, West Texas, and Desert Southwest.
(b) [Reserved]

Code of Federal Regulations

[53 FR 29327, Aug. 4, 1988, as amended at 67 FR 77148, Dec. 17, 2002]