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Cocoa Futures and Options Trading
Trading Specs
10 metric tons (22,046 pounds)
Trading Hours
8:00 a.m. - 11:50 a.m. closing period commences at 11:45 am (NY time)
Price Quotation
Dollars per metric ton
Delivery Months
March, May, July, September, December
Ticker Symbol
CC
Minimum Fluctuation
$1.00/metric ton, equivalent to $10.00 per contract and approximately 5/100 cent/lb.
First Notice Trading:
Ten business days prior to first business day of delivery month.
Last Trading Day:
One business day prior to last notice day.
visit Orange Juice Futures, Coffee Futures, Corn Futures, Sugar Futures, Soybean Futures, Wheat Futures, Cotton Futures and Ethanol Futures.
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Cocoa Futures Commodity Contract Specifications
Cocoa originally was combined with spices and served as a luxury drink in the Aztec empire. the commodity discovered by the Aztecs that was once called "food for the gods". The Aztec Emperor, Montezuma, shared the cocoa and spice beverage with the explorer and later conqueror of the Aztecs, Hernando Cortez. Cortez and his Conquistadors brought the cocoa back to Spain in the 16th century. For nearly a century, chocolate (usually made from cocoa bean, sugar, cinnamon and vanilla) became an exclusive drink of the Spanish Royal Court, until it gradually achieved a wider popularity in cocoa houses of major European cities when it became less expensive.
In 1925 the world's first cocoa bean commodity futures was started at the New York Cocoa Exchange. In 1986 the first cocoa options began trading. Cocoa future trading is now a very active future trading contract. Cocoa commodity options on the cocoa futures contracts have enjoyed much higher volume and consequently much greater liquidity recently
Traded at the New York Board of Trade (NYBOT) Cocoa is a commodity with very concentrated production sources and seasonal demand cycles, cocoa presents specific price risk characteristics for candy manufacturers, cocoa importers, exporters, trade houses and producers.
Commodity Futures and Options Contract Specifications Main
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