Robusta Coffee Futures

Robusta Coffee Futures

Description

The Robusta Coffee futures contract is used as the global benchmark for the pricing of physical Robusta Coffee. It is actively traded by producers, exporters, trade houses, importers and roasters as well as by managed funds and both institutional and short-term investors. Market Specifications Trading Screen Product Name Robusta Coffee Future Trading Screen Hub Name ICEU Commodity Code RC Contract Size Ten Tonnes Price Quotation $ per metric tonne Contract Series January, March, May, July, September, November, such that ten delivery months are available for trading Minimum Price Fluctuation $1 per tonne ($10) Settlement Physical Delivery Delivery Locations Delivered in an Exchange Nominated Warehouse in Europe or the U.S.A. Grade/Standards/Quality Class 1 Robusta Coffee deliverable at Contract price. Other qualities deliverable at set premiums and discounts. Daily Price Limit None Deliverable Origins Robusta Coffee from any Origin that is freely available for export to any destination First Notice Day Fourth business day preceding the first business day of the delivery month. Last Trading Day Fourth business day preceding the last business day of the delivery month at 12:30. Last Notice Day Fourth business day preceding the last business day of the delivery month. Delivery Limits Delivery limits for IFEU Softs can be found here. Markers TAS (Trade at Settlement) MIC Code IFLX Clearing Venues ICEU

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