The Coffee C contract is the world benchmark for Arabica coffee. The contract prices physical delivery of exchange-gradegreen beans, from one of 19 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.
CONTRACT SPECS
| Contract Symbol | KC |
| Contract Size | 37,500 pounds |
| Price Quotation | Cents and hundredths of a cent up to two decimal places |
| Contract Listings | March, May, July, September, December |
| Minimum Price Movement | 5/100 cent/lb., equivalent to $18.75 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 Growths | Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, New Guinea, Panama, Tanzania, Uganda, Honduras, and Peru all at par, Colombia at 200 point premium, Burundi, Venezuela and India at 100 point discount, Rwanda at 300 point discount, and Dominican Republic and Ecuador at 400 point discount. Effective with the March 2013 delivery, the discount for Rwanda will become 100 points, and Brazil will be deliverable at a discount of 900 points. |
| Delivery Points | Exchange licensed warehouses in the Port of New York District (at par), the Port of New Orleans, the Port of Houston, the Port of Bremen/Hamburg, the Port of Antwerp, the Port of Miami and the Port of Barcelona** (at a discount of 1.25 cents/lb). |
| 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 |
| Position Limits | Position Limit and Position Accountability information for all IFUS products can be found at https://www.theice.com/publicdocs/futures_us_reports/all/Futures_US_Position_Limits.pdf. |
| MIC Code | IFUS |
| Clearing Venue | ICUS |
