October Cotton

Hello,

I know it is an illiquid serial month but I can't see why October should be at a premium to dec and jul...

Jul: 0.8456 Oct: 0.8596 Dec:0.8544

?

 

1) A "stale quote" in October?
2) It should "iron out" on the close.

 

No stale quote. Last trade today oct 1.29 over dec.

 

1) What volume are you showing in October compared to December?
2) Does cotton still have a trading pit or "ring"? Have your firm contact the floor to get a spread quote for July/October and October/December.

 

Dec : 3250 lots traded today
Oct : 12 lots traded ( I thought it was still more than that even if nobody trades october )

I don't know if there is still a cotton futures pit but I doubt it. The quote I gave was electronic.