New York cotton futures and options contracts provide an effective way to reduce cotton price volatility, despite relatively high basis risk.

Excerpt from Cotton Futures: The Business of Buying and Selling Cotton for Future Delivery as Conducted Ducted on the New York, New Orleans and Liverpool Cotton Exchanges and Its Advantages to Merchants, Manufacturers, Bankers, and Farmers Telegram, February I4th, of Memphis, Tenn., Cotton Exchange to U. S. Senator Robert L. Taylor. Telegram, February I4th, of Memphis, Tenn., Merchants' Exchange, to U. S. Senator Robert L. Taylor. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Cotton Trading Manual (CTM) is the first work to provide a comprehensive reference source to the conduct of the complex international cotton market. CTM begins by looking at the history of the cotton trade, and then moves on to assess the current global picture, including a discussion of trends in the market, as well as production and consumption analysis. The third and fourth parts focus on trading in physical cotton and futures respectively. Finally, the last section deals with administrative and management issues within the cotton trade as a whole, such as contracts, insurance and risk management. CTM is an indispensable practical companion for all those involved with trading in this commodity. - Comprehensive reference to the complex international cotton market - Discusses the history of the cotton trade - Assesses the global picture, looking at trends and production and consumption analysis