The word “coffee” is believed to come from Kaffe, Ethiopia, where coffee originated in the 9th century. Coffee was not originally well-received, and at one time was even banned in Turkey and Egypt. The demand for coffee gradually increased, however, and it is now one of the most popular beverages in the world.
Brazil is the world’s largest coffee producer and exporter, while the U.S. is the world’s largest consumer and importer.
Coffee (Financial) futures are an outright coffee contract between a buyer and seller that industry participants, such as coffee producers, roasters, retailers, exporters and importers, can use to manage price risk.
Product Symbol KT
Venue CME Globex, CME ClearPort, Open Outcry (New York), Open Outcry (New York)
(All Times are New York Time/ET)
|CME Globex:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|CME ClearPort:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
Contract Size 37,500 pounds
Price Quotation U.S. Dollars per pound
Minimum Fluctuation $0.0005 per pound
Termination of Trading Trading terminates on the day immediately preceding the first notice day of the corresponding trading month of Coffee “C” futures at ICE Futures U.S.
Listed Contracts Trading is conducted in the March, May, July, September, and December cycle for the next 23 months.
Settlement Type Financial
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