ICE Futures U.S.

Coffee C ® Futures

Coffee C ® Futures15


The Coffee C contract is the world benchmark for Arabica coffee. The contract prices physical delivery of exchange-grade green beans, from one of 20 countries of origin in a licensed warehouse to one of several ports in the U. S. and Europe, with stated premiums/discounts for ports and growths.

Market Specifications

Trading Screen Product Name
Coffee "C" Futures
Trading Screen Hub Name
Commodity Code
Contract Size
37,500 pounds
Price Quotation
Cents and hundredths of a cent up to two decimal places
Contract Series
March, May, July, September, December
Minimum Price Fluctuation
5/100 cent/lb., equivalent to $18.75 per contract.
Physical delivery
A Notice of Certification is issued based on testing the grade of the beans and by cup testing for flavor. The Exchange uses certain coffees to establish the "basis". Coffees judged better are at a premium; those judged inferior are at a discount.
Daily Price Limit
Deliverable Origins
Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, Papua New Guinea, Panama, Tanzania, Uganda, Honduras, and Peru all at par, Colombia at 400 point premium, Burundi, Rwanda, Venezuela and India at 100 point discount, Dominican Republic and Ecuador at 400 point discount, and Brazil at 600 point discount.
Delivery Locations
Exchange licensed warehouse in the Ports of New York District, Virginia, New Orleans, Houston, Miami, Bremen/Hamburg, Antwerp and Barcelona.

The New York and Virginia delivery points are par; the Bremen/Hamburg, Antwerp and Barcelona delivery points are at a discount of 1.25 cents/lb; and the New Orleans, Miami and Houston delivery points are at a discount of 1.25 cents per pound up to and including the March 2019 expiry, and at a discount of 0.50 cents per pound for the May 2019 and later expiries.
First Notice Day
Seven business days prior to first business day of delivery month.
Last Trading Day
One business day prior to last notice day
Last Notice Day
Seven business days prior to the last business day of the delivery month
Position Limit
Position Limit and Position Accountability information for all IFUS products can be found here.
TAS (Trade at Settlement)
MIC Code
Clearing Venues

Trading Hours

New York4:15 AM - 1:30 PM
04:15 - 13:30
8:00 PM
London9:15 AM - 6:30 PM
09:15 - 18:30
1:00 AM
Singapore4:15 PM - 1:30 AM
16:15 - 01:30
8:00 AM

**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:00 pm to 6:00 pm NY time on the prior Exchange business day.


Clearing Admin Name
Coffee C
R&N A.C.N.