Coffee "C"® Metric Futures83048906
ICE Futures U.S.
Coffee "C"® Metric Futures
Description
The Coffee "C"® Metric contract is the world benchmark for Arabica coffee. The contract prices physical delivery of exchange-grade green beans, from one of 21 countries of origin in a licensed warehouse to one of several ports in the U. S. and Europe, with stated premiums/discounts for ports and growths.
Market Specifications
- Trading Screen Product Name
- Coffee "C" Metric Futures
- Trading Screen Hub Name
- NYCC
- Contract Symbol
- AC
- Contract Size
- 10 Metric Tons
- Price Quotation
- U.S. Dollars per Metric Ton, in whole Dollar increments.
- Contract Series
- March, May, July, September, December.
- Minimum Price Fluctuation
- $1.00 per Metric Ton, equal to $10 per contract.
- Settlement
- Physical delivery
- Grade/Standards/Quality
- 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.
- Daily Price Limit
- None
- Deliverable Origins
- Brazil, Burundi, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, India, Kenya, Mexico, Papua New Guinea, Nicaragua, Panama, Peru, Rwanda, El Salvador, Tanzania, Uganda, Venezuela and Vietnam
Mexico, El Salvador, Nicaragua, Papua New Guinea, Tanzania, Uganda, Panama, Peru and Honduras at Par.
Guatemala at $110/ton premium.
Colombia, Costa Rica and Kenya at $220/ton premium.
Venezuela, Burundi, Rwanda and India at $22/ton discount.
Dominican Republic and Ecuador at $88/ton discount.
Brazil and Vietnam at $132/ton point discount.
- Delivery Locations
- Exchange licensed warehouse in the Ports of New York District, Miami, New Orleans, Houston, Virginia, Bremen/Hamburg and Antwerp .
The New York and Virginia delivery points are Par;
The New Orleans, Miami and Houston delivery points at $11/Metric Ton discount.
The Antwerp and Bremen/Hamburg at $28/Metric Ton discount.
- First Notice Day
- Seven business days prior to first business day of delivery month.
- Last Trading Day
- One business day prior to last notice day
- Last Notice Day
- Seven business days prior to the last business day of the delivery month
- Block Trade Minimum
- 250 Lots
- Position Limit
- Position Limit and Position Accountability information for all IFUS products can be found here.
- Trading Hours
- 4:15 AM to 1:30 PM ET Preopen at 8:00 PM ET (prior day)
- MIC Code
- IFUS
- Clearing Venues
- ICUS
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 4:15 AM - 1:30 PM 04:15 - 13:30 | 8:00 PM 20:00 |
| LONDON | 9:15 AM - 6:30 PM 09:15 - 18:30 | 1:00 AM 01:00 |
| SINGAPORE | 5:15 PM - 2:30 AM* 17:15 - 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
- Metric Coffee
- Physical
- AC
- Logical
- AC
- GMI (FC)
- ION A.C.N.
- Symbol Code
- AC