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Help on Coffee (KC)
Coffee Futures are traded on the Coffee, Sugar, and Cocoa Exchange.
The price of Coffee is quoted in cents per pound. The standard
contract size is 37,500 pounds. The minimum trading increment
is a 0.5 cents.
Coffee prices are read as follows:
A price of 113.35 would be read as $1.1335/ pound or 113.35 cents
per pound
A move from 113.35 to 114.35 would be a difference of $375.00
excluding commissions and fees. The minimum change is 0.05 cents
or $18.75
Formula: $1.1435 - $1.1335 = $0.0100 *37,500 = $375.00
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