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NYMEX Coffee 
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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. The contracts are:

  • Based on Arabica beans
  • Financially-settled contracts that provide price discovery and remove the complexities of the physically-delivered process

Things to Know:

  • Off-exchange transactions can be submitted for clearing only through CME ClearPort, as EFSs
  • Dollar-denominated, financially-settled contract of 37,500 pounds.
  • Final settlement price is set at the value of the ICE U.S. coffee “C” futures contract on the termination day of the contract month
  • Trading months consist of a March, May, July, September, and December cycle over a 23-month-period.

About Coffee
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.