Facility
Memphis Cotton Trading Hub (Memphis, Tennessee)
Memphis TN cotton trading hub; the historical center of US and global cotton merchandising since the 19th century antebellum cotton economy. Memphis hosts the trading operations of Cargill Cotton, the US operations of Louis Dreyfus Cotton (formerly Dunavant Enterprises, acquired 2011), and multiple smaller merchants. The Memphis Board of Trade (now merged into larger exchanges) was historically where US cotton forward contracts were priced. Memphis's position on the Mississippi River historically enabled barge shipment of cotton bales from the Delta to Gulf ports; today Memphis serves as an origination, financing, and logistics coordination hub for US upland cotton. The Intercontinental Exchange (ICE) Cotton No. 2 futures contract (ticker: CT) traded in New York is the global benchmark price for US upland cotton. Source: ICE Futures US Cotton No. 2 contract specifications; National Cotton Council history.
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Inputs produced
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Goods downstream
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Incidents on record
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Stories
What's produced here
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