Cocoa Futures7
ICE Futures U.S.
Cocoa Futures
Description
The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports.
Market Specifications
- Trading Screen Product Name
- Cocoa Futures
- Trading Screen Hub Name
- NYCC
- Contract Symbol
- CC
- Contract Size
- 10 metric tons
- Price Quotation
- Dollars per metric tons
- Contract Series
- March, May, July, September, December
- Minimum Price Fluctuation
- $1.00/metric ton, equivalent to $10.00 per contract.
- Settlement
- Physical Delivery
- Daily Price Limit
- None
- Deliverable Origins
- The Growth of any country is deliverable, and Growths are divided into three delivery Groups:
Group A (deliverable at a premium of $160/ton) includes the Growths of Ghana, Ivory Coast, Nigeria, Sierra Leone and Togo.
Group B (deliverable at a premium of $80/ton) includes the Growths of Arriba (Ecuador), Cameroon, Colombia, New Guinea, Venezuela and several other Growths.
Group C (deliverable at par) includes the Growths of Bolivia, Haiti, Indonesia-Sulawesi, Malaysia and all other Growths not specified in the contract Rules as being in Groups A, B or C. - Delivery Locations
- At licensed warehouses in the Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany or Port of Baltimore.
- First Notice Day
- Through and including the December 2021 expiry: Ten business days prior to the first business day of delivery month.
Commencing with the March 2022 expiry: Ten business days prior to the sixth business day of delivery month. - Last Trading Day
- One business day prior to last notice day.
- Last Notice Day
- Ten business days prior to last business day of delivery month
- Position Limit
- "Position Limit and Position Accountability information for all IFUS products can be found here.
- Markers
- TAS (Trade at Settlement)
- MIC Code
- IFUS
- Clearing Venues
- ICUS
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 4:45 AM - 1:30 PM 04:45 - 13:30 | 8:00 PM 20:00 |
| LONDON | 9:45 AM - 6:30 PM 09:45 - 18:30 | 1:00 AM 01:00 |
| SINGAPORE | 5:45 PM - 2:30 AM* 17:45 - 02:30 | 9:00 AM 09:00 |
**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:00 pm to 6:00 pm NY time on the prior Exchange business day.
Codes
- Clearing Admin Name
- Cocoa
- Physical
- CC
- Logical
- CC
- GMI (FC)
- CY
- ION A.C.N.
- 2050
- Symbol Code
- CC