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Coffee Futures |
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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Coffee futures are traded on the New York Mercantile Exchange under ticker symbol KC in dollars per pound.[1]
The chart at left shows front-month coffee futures prices on the New York Mercantile Exchange (NYMEX) in dollars per pound.
Delivery Dates
Coffee futures are delivered every year in March, May, July, September, & December.[1]
The following is a table with Coffee futures delivery dates and resultant tickers for 2010. For an explanation on commodity tickers see commodity ticker construction.
| Delivery Month | Full Ticker Symbol |
| March, 2010 | KCH0 |
| May, 2010 | KCK0 |
| July, 2010 | KCN0 |
| September, 2010 | KCU0 |
| December, 2010 | KCZ0 |
Contract Specifications
Contract Size
One Coffee futures contract on the New York Mercantile Exchange is 37,500 pounds.[1]
Tick Size
.05 or 5/100 cent/lb., equivalent to $18.75 per contract. 1 cent per pound equals $375 per contract.[1]
Daily Price Limit
There is no daily price limit.[1]
Trading Hours
Coffee futures contracts trade on the CME Globex trading platform from 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM.[1]
Last Trading Day
Trading of Coffee futures contracts on the New York Mercantile Exchange ends on the business day immediately preceding the first notice day on the New York Board of Trade.[1]
Deliverable Grades
Deliverable Coffee grades for futures contracts on the New York Mercantile Exchange are as follows: 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. Basis: Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, New Guinea, Panama, Tanzania, Uganda, Honduras and Peru; Plus 200 pts: Colombia; Minus 100 pts: Venezuela, Burundi and India; Minus 300 pts: Rwanda; Minus 400 pts: Dominican Republic and Ecuador.[1]
Margin
- Initial Margin: $4158.00[1]
- Maintenance Margin: $2971.00[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 The New York Mercantile Exchange's contract specification for Coffee futures
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