# World Cotton Contract Back on Track?

Author: Jim Steadman
Published: 2015-06-17
Canonical URL: https://www.cottongrower.com/cotton-news/world-cotton-contract-back-on-track/

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According to Reuters and other news sources, IntercontinentalExchange’s new world cotton futures contract has cleared a significant legislative hurdle in the U.S.

A bill amending the U.S. Cotton Futures Act passed the House Agriculture Committee on June 17, removing the requirement that all cotton tendered under any U.S.-listed future contract be sampled and graded by USDA.

[**Read here**](http://www.reuters.com/article/2015/06/17/ice-cotton-global-idUSL1N0Z31GJ20150617)for more details on the contract and how it will work.