Coffee Futures (KC) | Contract Overview

What are the contract specifications for Coffee Futures?

Coffee futures (KC) are ICE-traded contracts representing 37,500 pounds of coffee, with standardized tick values, contract months, and margin requirements set by the exchange.

Coffee Futures Contract Specifications

Product:

Coffee

Futures Contract Symbol:

KC

Exchange:

ICE Futures U.S.

Contract Size:

37,500 Pounds

Trading Hours:

Sunday–Friday: 3:15 AM – 12:30 PM

Minimum Price Fluctuation:

$18.75 per contract ($0.0005 × 37,500 pounds)

Contract Months:

Mar (H), May (K), Jul (N), Sep (U), Dec (Z)

Settlement Method:

Deliverable

Exchange Fees:

How Much Is One Tick in Coffee Futures Worth?

KC Price MovementP&L per Contract
0.05¢$18.75
0.10¢$37.50
0.50¢$187.50
1.00¢$375.00
5.00¢$1,875.00

One Coffee C (KC) futures contract represents 37,500 pounds of coffee. The minimum price movement is 0.05 cents per pound, making each tick worth $18.75 per contract. A full 1-cent move in coffee equals $375 per contract.

Coffee Futures Margin Requirements

Holding Period:

Day Trading Margins

Over Night Margins

Margins:
$1,650
N/A

Lincoln Park Financial currently offers day-trading margins for Coffee C (KC) futures starting at $1,650 per contract. Overnight and exchange margin requirements are higher and can change based on market conditions.

What Moves Coffee Futures Prices?

Coffee C (KC) futures prices are influenced by global Arabica coffee supply and demand, weather in major producing regions, coffee inventories, crop forecasts, currencies, exports and market positioning. Brazil is especially important because changes in Brazilian production, weather and the Brazilian real can materially affect expectations for global coffee supply.

IndicatorWhy Coffee Traders Watch It
Brazil Arabica ProductionMajor influence on global Arabica supply
Brazil WeatherFrost, rain and drought can affect crop expectations
ICE Certified Coffee StocksIndicator of deliverable exchange supply
USD/BRLCan influence Brazilian producer selling
Global Coffee Supply vs. DemandShows whether the market is tightening or loosening
Brazil & Vietnam ExportsHelps measure physical coffee availability
CFTC COT PositioningShows commercial and speculative positioning
Coffee C Futures CurveShows pricing differences across contract months

Coffee Futures FAQs

Coffee futures are standardized futures contracts used to gain exposure to changes in coffee prices or hedge coffee-related price risk. Coffee C futures, traded under the symbol KC, represent Arabica coffee and are listed on ICE Futures U.S.