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Coffee Futures and Options Trading
Coffee Futures Contract
Trading Specs 37,500lbs. (approximately 250 bags)
Trading Hours: 9:15A.M. to 1:35P.M. New York Time
Price Quotation: Cents per pound
Delivery Months: March, May, July, September, December
Ticker Symbol: KC
Minimum Fluctuation: 5/100 cent/pound, equivalent to $18.75 per contract.
Daily Price Limits (from previous day's settlement price): 6.00 cents with variable limits effective under certain conditions. No price limits on two nearby months.
Coffee Options Contract
Trading Unit: One coffee "C" futures contract
Trading Hours: 9:15A.M. New York Time until the completion of the closing period which shall commence at 1:35P.M.
Price Quotation: Cents per pound
Contract Months: "Regular Options": March, May, July, September, December; "Serial Options": January, February, April, June, August, October, November
Ticker Symbol: KC
Minimum Fluctuation: 1/100 cent/pound, equivalent to $3.75 per contract.
Daily Price Limits: None
visit Orange Juice Futures, Cocoa Futures, Corn Futures, Sugar Futures, Soybean Futures, Wheat Futures, Cotton Futures and Ethanol Futures.
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Coffee Futures Commodity Contract Specifications
Coffee's beginnings are lost in mankind's ancient history, but it is believed to have originated in the Ethiopian province of Kaffa around 3 A.D., where ground Coffee beans were used to season food by the various inhabitants of that area. In about 1300 A.D., the south Arabians first roasted this commodity and brewed coffee for use as a beverage. The Middle Eastern hub of the valuable trading routes to Asia and later Africa efficiently dispersed the new valuable source of commerce to European consumers. Today, coffee is one of the world's most popular drinks and is among the world's most important internationally traded commodities, with a number of econonomies largely dependent in its trade. The Commodity Coffee has even been found to have some health benefits. Since the rise of gourmet coffee house and restaurant shop coffee futures has seen higher volume and consequently much greater liquidity recently.
Futures calls for delivery of washed arabica coffee produced in several Central and South American, Asian, and African countries, or unwashed arabica coffee of Ethiopia.
commodity options confers to buyer the right to buy (in the case of a call) or sell (in the case of a put) one coffee " C " futures contract.
The Coffee, Sugar and Cocoa Exchange (CSCE) is the premier world market for the trading of coffee futures sugar futures and cocoa futures and options, and since 1993, an innovator in the trading of futures and options in dairy products. The CSCE was located in the world trade center before it was destroyed in the September 11 terror attacks. Symbolic of the strength and stability of the futures markets, coffee, cocoa and sugar futures contracts were actively trading within one week of the destruction of the exchange.
Commodity Futures and Options Contract Specifications Main |
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