CFTC FORM 304

Statement of Cash Positions for Unfixed-Price 

Cotton “On Call”

NOTICE: Failure to file a report required by the Commodity Exchange Act (“CEA” or 

the “Act”)1 and the regulations thereunder,2 or the filing of a report with the Commodity 

Futures Trading Commission (“CFTC” or “Commission”) that includes a false, 

misleading, or fraudulent statement or omits material facts that are required to be reported 

therein or are necessary to make the report not misleading, may (a) constitute a violation 

of section 6(c)(2) of the Act (7 U.S.C. 9), section 9(a)(3) of the Act (7 U.S.C. 13(a)(3)), 

and/or section 1001 of Title 18, Crimes and Criminal Procedure (18 U.S.C. 1001) and (b) 

result in punishment by fine or imprisonment, or both.

PRIVACY ACT NOTICE

The Commission’s authority for soliciting this information is granted in sections 4i and 8 

of the CEA and related regulations (see, e.g., 17 CFR 19.02). The information solicited 

from entities and individuals engaged in activities covered by the CEA is required to be 

provided to the CFTC, and failure to comply may result in the imposition of criminal or 

administrative sanctions (see, e.g., 7 U.S.C. 9 and 13a-1, and/or 18 U.S.C. 1001). The 

information requested is used by the Commission to prepare its cotton on-call report. The 

requested information may be used by the Commission in the conduct of investigations 

and litigation and, in limited circumstances, may be made public in accordance with 

provisions of the CEA and other applicable laws. It may also be disclosed to other 

 1 7 U.S.C. 1, et seq.

2 Unless otherwise noted, the rules and regulations referenced in this notice are found in chapter I of title 17 

of the Code of Federal Regulations; 17 CFR chapter I.
government agencies and to contract markets to meet responsibilities assigned to them by 

law. The information will be maintained in, and any additional disclosures will be made 

in accordance with, the CFTC System of Records Notices, available on www.cftc.gov.
BACKGROUND & INSTRUCTIONS

Applicable Regulations:

 17 CFR 19.00(a) specifies who shall file Form 304. 

 17 CFR 19.02(a) specifies the information required on Form 304. 

 17 CFR 19.02(b) specifies the frequency (weekly), the report date (close of 

business on Friday), and the time (9 a.m. Eastern Time on the third business day 

following that Friday) and manner, for filing the Form 304. 

Please follow the instructions below to generate and submit the required filing. Relevant 

regulations are cited in parentheses () for reference. Unless the context requires 

otherwise, the terms used herein shall have the same meaning as ascribed in parts 15 to 

21 of the Commission’s regulations. 

Complete Form 304 as follows:

The trader identification fields should be completed by all filers. This Form 304 

requires traders to identify themselves using their Public Trader Identification Number, in 

lieu of the CFTC Code Number required on previous versions of the Form 304. This 

number is provided to traders who have previously filed Forms 40 or 102 with the 

Commission. Traders may contact the Commission to obtain this number if it is 

unknown. If a trader has a National Futures Association Identification Number (“NFA 

ID”) and/or a Legal Entity Identifier (“LEI”), the trader should also identify itself using 

those numbers. Form 304 requires traders to identify the name of the reporting trader or 

firm and the contact information (including full name, address, phone number, and email 

address) for a natural person the Commission may contact regarding the submitted Form 

304.

Merchants and dealers of cotton shall report on Form 304. Report in hundreds of 

500-lb. bales unfixed-price cotton “on-call” pursuant to § 19.02(a) of the Commission’s 

regulations. Include under “Call Purchases” stocks on hand for which price has not yet 
been fixed. For each listed stock, report the delivery month, delivery year, quantity of call 

purchases, and quantity of call sales. 

The signature/authorization page shall be completed by all filers. This page shall 

include the name and position of the natural person filing Form 304 as well as the name 

of the reporting trader represented by that person. The trader certifying this Form 304 on 

the signature/authorization page should note that filing a report that includes a false, 

misleading, or fraudulent statement or omits material facts that are required to be reported 

therein or are necessary to make the report not misleading, may (a) constitute a violation 

of section 6(c)(2) of the Act (7 U.S.C. 9), section 9(a)(3) of the Act (7 U.S.C. 13(a)(3)), 

and/or section 1001 of Title 18, Crimes and Criminal Procedure (18 U.S.C. 1001) and (b) 

result in punishment by fine or imprisonment, or both.

Submitting Form 304: Once completed, please submit this form to the Commission 

pursuant to the instructions on www.cftc.gov or as otherwise directed by Commission 

staff. If submission attempts fail, the reporting trader shall contact the Commission at 

techsupport@cftc.gov for further technical support.

Please be advised that pursuant to 5 CFR 1320.5(b)(2)(i), you are not required to respond 

to this collection of information unless it displays a currently valid OMB control number.
Public Trader ID No. [provided by CFTC] OMB No. 3038-0013

COMMODITY FUTURES TRADING COMMISSION

FORM 304 

STATEMENT OF CASH POSITIONS FOR UNFIXEDPRICE 

COTTON “ON-CALL”

Identifying Information

Identification Codes:

NFA ID Legal Entity Identifier (LEI)

Name of Reporting Trader or Firm:

Name of Person to Contact Regarding This Form:

First Name Middle 

Name Last Name Suffix

Contact Information:

Address Phone 

Number

Email Address
NOTICE: Failure to file a report required by the Commodity Exchange Act (“CEA” or the “Act”) and the regulations thereunder, or the filing of a 

report with the Commodity Futures Trading Commission (“CFTC” or “Commission”) that includes a false, misleading or fraudulent statement or 

omits material facts that are required to be reported therein or are necessary to make the report not misleading, may (a) constitute a violation of 

section 6(c)(2) of the Act (7 U.S.C. 9), section 9(a)(3) of the Act (7 U.S.C. 13(a)(3)), and/or section 1001 of Title 18, Crimes and Criminal Procedure 

(18 U.S.C. 1001) and (b) result in punishment by fine or imprisonment, or both. Please be advised that pursuant to 5 CFR 1320.5(b)(2)(i), you are not 

required to respond to this collection of information unless it displays a currently valid OMB control number. 

Unfixed-price Cotton “on-call” pursuant to § 19.02(a); include under “Call Purchases” stocks on hand for which price has not yet been fixed. Report 

in hundreds of bales (500-lb. bales).

Delivery Month Delivery Year

Call Purchases

(’00 bales) 

Call Sales

(’00 bales)

CFTC Form 304 (01-22) 

Previous Editions Obsolete 
Please sign/authenticate the Form 304 prior to submitting.

Signature/ Electronic Authentication: 

 By checking this box and submitting this form (or by clicking “submit,” “send,” or any other analogous transmission command

if transmitting electronically), I certify that I am duly authorized by the reporting trader identified below to provide the

information and representations submitted on this Form 304, and that to the best of my knowledge the information and

representations made herein are true and correct.

Reporting Trader Authorized Representative (Name and Position): 

________________________________________________ (Name)

________________________________________________ (Position)

Submitted on behalf of: 

________________________________________________ (Reporting Trader Name)

Date of Submission: _____________________ 

CFTC Form 304 (01-22) 

Previous Editions Obsolete
Form 304, Example – July 2020 Call purchases of 200 bales and sales of 1,800 bales; October Call purchases of 6,600 bales and sales 

of 8,000 bales.

Unfixed-price Cotton “on-call” pursuant to § 19.02(a); include under “Call Purchases” stocks on hand for which price has not yet 

been fixed. Report in hundreds of bales (500-lb. bales).

Delivery Month Delivery Year

Call Purchases

(‘00 bales)

Call Sales

(‘00 bales)

July 2020 2 18

October 2020 66 80