Softs Markets
Contract Specifications

Cocoa Futures Contract Specifications

Cocoa Futures (CC)

  • Trading Symbol: CC
  • Contract Size: 10 metric tons
  • Trading Hours: Sunday–Friday: 3:45 AM – 12:30 PM CT
  • Tick Size: $1.00 per metric ton
  • Tick Value: $10.00 per contract ($1.00 × 10 metric tons)
  • Settlement Method: Physically settled (cocoa delivery)
  • Initial Margin: $3,850 (as of April 2025, per ICE Futures U.S.)
  • Maintenance Margin: $3,500 (as of April 2025, per ICE Futures U.S.)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: ICE Futures U.S.

Coffee Futures Contract Specifications

Coffee Futures (KC)

  • Trading Symbol: KC
  • Contract Size: 37,500 pounds (approximately 17 metric tons)
  • Trading Hours: Sunday–Friday: 3:15 AM – 12:30 PM CT
  • Tick Size: $0.0005 per pound
  • Tick Value: $18.75 per contract ($0.0005 × 37,500 pounds)
  • Settlement Method: Physically settled (coffee delivery)
  • Initial Margin: $5,500 (as of April 2025, per ICE Futures U.S., subject to change)
  • Maintenance Margin: $5,000 (as of April 2025, per ICE Futures U.S., subject to change)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: ICE Futures U.S.

Cotton Futures Contract Specifications

Cotton No. 2 Futures (CT)

  • Trading Symbol: CT
  • Contract Size: 50,000 pounds (approximately 100 bales)
  • Trading Hours: Sunday–Friday: 8:00 PM – 1:20 PM CT (next day)
  • Tick Size: $0.0001 per pound
  • Tick Value: $5.00 per contract ($0.0001 × 50,000 pounds)
  • Settlement Method: Physically settled (cotton delivery)
  • Initial Margin: $3,300 (as of April 2025, per ICE Futures U.S., subject to change)
  • Maintenance Margin: $3,000 (as of April 2025, per ICE Futures U.S., subject to change)
  • Contract Months: Mar (H), May (K), Jul (N), Oct (V), Dec (Z)
  • Exchange: ICE Futures U.S.

Sugar Futures Contract Specifications

Sugar No. 11 Futures (SB)

  • Trading Symbol: SB
  • Contract Size: 112,000 pounds (approximately 50.8 metric tons)
  • Trading Hours: Sunday–Friday: 2:30 AM – 12:00 PM CT
  • Tick Size: $0.0001 per pound
  • Tick Value: $11.20 per contract ($0.0001 × 112,000 pounds)
  • Settlement Method: Physically settled (sugar delivery)
  • Initial Margin: $2,800 (as of April 2025, per ICE Futures U.S., subject to change)
  • Maintenance Margin: $2,500 (as of April 2025, per ICE Futures U.S., subject to change)
  • Contract Months: Mar (H), May (K), Jul (N), Oct (V)
  • Exchange: ICE Futures U.S.

Orange Juice Futures Contract Specifications

Orange Juice (FCOJ-A) Futures (OJ)

  • Trading Symbol: OJ
  • Contract Size: 15,000 pounds of orange solids
  • Trading Hours: Sunday–Friday: 7:00 AM – 1:00 PM CT
  • Tick Size: $0.0005 per pound
  • Tick Value: $7.50 per contract ($0.0005 × 15,000 pounds)
  • Settlement Method:
  • Initial Margin: $3,500 (as of April 2025, per ICE Futures U.S., subject to change)
  • Maintenance Margin: $3,200 (as of April 2025, per ICE Futures U.S., subject to change)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Sep (U), Nov (X)
  • Exchange: ICE Futures U.S.

Lumber Futures Contract Specifications

Lumber Futures (LB)

  • Trading Symbol: LB
  • Contract Size: 27,500 board feet (approximately one truckload)
  • Trading Hours: Sunday–Friday: 9:00 AM – 4:05 PM CT
  • Tick Size: $0.50 per thousand board feet
  • Tick Value: $13.75 per contract ($0.50 × 27,500 / 1,000)
  • Settlement Method: Physically settled (lumber delivery)
  • Initial Margin: $4,500 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $4,000 (as of April 2025, per CME Group, subject to change)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Sep (U), Nov (X)
  • Exchange: CME Group