ICE became the center of global trading in soft commodities with its acquisition of the New York Board of Trade in 2007. Now known as ICE Futures U.S., the exchange offers futures and options on futures on soft commodities including coffee, cocoa, sugar, cotton and frozen concentrated orange juice. Sugar No. 11 is the benchmark contract for the global sugar market which is one of the world's ten largest agricultural futures markets. ICE Futures Europe lists London softs markets including cocoa, Robusta coffee and white sugar providing a range of global soft commodity products on the ICE platform. ICE Futures Canada lists the leading canola futures contract, an increasingly popular oilseed.
The name "canola" is a contraction of Canadian Oil, Low Acid and canola oil is acknowledged as a premium vegetable oil for its low saturated fat content. This same feature also makes it a leading ingredient in biodiesel production in Europe. ICE Futures Canada's canola futures and options are important risk management tools used by global producers, grain handling companies, exporters, processors, and users/consumers of canola products. The contract is an attractive trading tool for funds and investors due to the ease of transaction and liquidity.
Due to cocoa's seasonal demand cycles and concentrated production sources, the cocoa market is subject to a high degree of volatility, presenting hedging and trading opportunities for cocoa traders around the world.
|Cocoa Futures - Dollar||London Cocoa Futures - Sterling|
|Euro Cocoa Futures|
Volatility in the coffee market has been historically greater than that of other soft commodities markets, often triggering increased levels of activity from both hedgers wishing to lay off risk and financial participants willing to take on those risks. The result is more bids and offers, providing a critical mass of liquidity, hedging and pricing opportunities.
|Coffee C ® Futures||Robusta Coffee Futures|
Cotton's world-wide appeal and vulnerability to unforeseen natural and man-made events raises the economic stakes for this commodity, attracting market participants from across the globe.
|Cotton No. 2 Futures||World Cotton Futures|
Frozen Concentrated Orange Juice
Weather sensitivity, when combined with the competitive global juice and beverage market, and rapidly-changing supply and demand, makes the price of orange juice extremely volatile. Since the great majority of oranges grown in the U.S. are turned into frozen or fresh juice, the price of orange juice is important. The ICE Futures U.S. FCOJ market provides critical risk management tools to an industry at extra risk when the wind blows or the frost forms.
|Frozen Concentrated Orange Juice Futures|
Sugar is one of the world's ten largest agricultural futures markets and the world looks to ICE to price this vital commodity. A large set of commercial market participants, including producers, exporters, candy manufacturers, trade houses and a diverse set of institutional participants underscores the importance of sugar futures and options markets ensuring highly efficient pricing and continuous liquidity.
|Sugar No. 11||Sugar No. 16|