Coffee C ® Futures15

Description

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
NYCC
Contract Symbol
KC
Contract Size
37,500 pounds
Price Quotation
Cents and hundredths of a cent up to two decimal places
Contract Listing
March, May, July, September, December
Minimum Price Movement
5/100 cent/lb., equivalent to $18.75 per contract.
Settlement
Physical delivery
Grade/Standards/Quality
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
None
Deliverable Growths
Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, 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 Points
Exchange licensed warehouses in the Port of New York District and the Port of Virginia (each at par), the Port of New Orleans, the Port of Houston, the Port of Bremen/Hamburg, the Port of Antwerp, the Port of Miami and the Port of Barcelona (at a discount of 1.25 cents/lb).
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 Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venues
ICUS
Loading...

Trading Hours

CityTradingPre-Open
New York4:15 AM - 1:30 PM
04:15 - 13:30
8:00 PM
20:00
London9:15 AM - 6:30 PM
09:15 - 18:30
1:00 AM
01:00
Singapore4:15 PM - 1:30 AM
16:15 - 01:30
8:00 AM
08:00

Codes

Clearing Admin Name
Coffee C
Physical
KC
Logical
KC
GMI(FC)
43
R&N A.C.N.
2065