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Description

ICE Futures U.S. Coffee "C"® Metric is the benchmark contract for Arabica coffee. As it is the world's leading coffee contract, the coffee industry looks to the Metric Coffee contract each day to price Arabica.

Market Specifications

Trading Screen Product Name

Coffee "C" Metric Futures

Trading Screen Hub Name

NYCC

Contract Symbol

AC

Contract Size

One Metric Coffee Futures contract (10 Metric Tons)

Price Quotation

U.S. Dollars per Metric Ton, in whole Dollar increments.

Minimum Price Fluctuation

$1.00 per Metric Ton, equal to $10 per contract.

Contract Series

Regular Options: March, May, July, September and December

Serial Options: January, February, April, June, August, October and November.
For a serial option, the underlying future is the next regular futures contract month

Exercise Procedure

American style

Daily Price Limit

None

Strike Price Intervals

Strike increment is $25 per ton.

First Trading Day (Regular Options)

Business day following the day on which the underlying futures trade is listed.

First Trading Day (Serial Options)

First business day of the third calendar month preceding the serial option month.

Last Trading Day

Second Friday of the calendar month preceding such regular or serial option month; provided, however, that for each option, there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future.

Expiration Date

17:00 Eastern time on the last trading day.

Automatic exercise at one tick or more in-the-money at expiration on last trading day.

Position Limit

Position Limit and Position Accountability information for all IFUS products can be found here.

MIC Code

IFUS

Clearing Venues

ICUS

Related Products

• Coffee C ® Options
• Coffee C ® Futures
• Weekly Coffee "C" Options

Trading Hours

Codes