ICE offers a broad range of soft commodities futures and options for the coffee, cocoa, sugar, cotton and frozen concentrated orange juice markets providing commercial market participants with effective hedging tools to manage their price exposure and provide investors the ability to take a position on future price movement of these often volatile commodities.
ICE is home to the global benchmarks for raw and refined sugar, Arabica and Robusta coffee, as well as US and European Cocoa prices. ICE is also the exclusive global market for the benchmark Cotton No. 2 and FCOJ futures and options.
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 traders around the world. ICE offers cocoa contracts denominated in US dollar, pound sterling and euro allowing participants to hedge in the currency that best meets their needs.
Coffee, one of the most ubiquitous beverages consumed world-wide, is truly a global commodity, with supplies originating in the tropics and consumption throughout the world. The global coffee trade for Arabica and Robusta varieties relies on the deep liquidity of ICE markets to manage their price risk and volatility.
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 and institutional participants underscore the importance of sugar futures and options markets ensuring highly efficient pricing and continuous liquidity.
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. Because cotton is at the center of the global textiles industry, it is a preferred contract among commodity trading advisors and hedge funds.
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. ICE’s FCOJ market provides critical risk management tools to an industry at risk from the elements.