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Coffee futures and options quick facts:
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37,500 pound contract size
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One cent move equals $375
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Trades March, May July, September,
December
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Coffee futures symbol (KC)
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For more specific coffee information
click here!
Here is a brochure from the ICE for coffee C futures and
options.
ICE coffee brochure
* All of the information herein is the opinion of the
writer. No guarantees are being made to its accuracy or
completeness.
For more up-to-date information
contact us.
10/10/14 Coffee futures prices stalled near the contract highs
this week. The coffee market is still in a weather market and
calls for rain have caused sell offs and calls for dry weather
have produced rallies. The strong U.S. dollar does not seem to
be having the bearish affect on coffee as it has other
commodities.
9/27/14 Coffee futures prices rallied this week. The commodity
markets in general have been pressured by the huge rally in the
U.S. dollar and the overall weakness in the global economy.
9/20/14 Coffee futures prices sold off again this week. The
commodity markets have been very weak over the last month or two
as many emerging economies are not growing or growing much more
slowly than expected in the case of China. The recent vote in
Scotland to secede from the United Kingdom helped push more
assets towards the United States. This in turn pushed the U.S.
dollar to new highs. The strong dollar is making it very hard
for commodity bulls to gain any momentum to the upside.
9/12/14 Coffee futures prices sold off again this week. The
recent run up in the U.S. dollar has put a lot of pressure on
commodities for the last few weeks. Assets are leaving the
European Union among other places around the world seeking safe
haven in the United States. The idea that Scotland may declare
independence next week from England and the United Kingdom also
has assets heading to America.
9/5/14 Coffee futures prices sold off this week. An abundance of
good economic reports coming out of the United States and weak
economic reports coming out of the European Union is pushing the
U.S. dollar higher. The U.S. dollar index hit a level this week
not seen since July of 2013. A strong U.S. dollar is bearish for
dollar denominated commodities.
8/29/14 Coffee future prices rose this week. The week before the
Labor Day weekend is know for its extremely thin volumes as many
traders take advantage of the end of summer. Also affecting the
markets have been the increased aggression from the group ISIS
in Iraq and the Russian incursion into Ukraine. The U.S. dollar
has also remained strong as money flees Russia and the Eurozone
to the U.S.
8/22/14 Coffee futures prices sold off this week. The news of
this week was more ISIS terrorist killings and the idea that the
Federal Reserve Bank would hold its interest rates in stasis at
least until next year. Many economists believe that rates will
not increase until at least the second quarter of 2015.
8/15/14 Coffee futures prices traded mostly sideways this week.
The trading week was full of headline risk again as the Russian
and Ukraine conflict began to escalate again this week. The 10
year treasury yield hit its lowest level of the year today. This
infers a flight to safety into U.S. assets from foreign
investors.
8/9/14 Coffee futures prices sold off again this week. The
coffee market may have topped since the news out of Brazil was
for higher yields than expected after the earlier drought. The
commodity markets in general seem to be bottoming after much of
the global slowdown seems to be factored into the markets.
8/1/14 Coffee futures prices rallied again this week in spite of
the large amount of headline risk hitting the markets this week.
The news about the Argentinian default on its debt; stock market
sell off; the FOMC meeting; continuing conflict in
Russia/Ukraine and Israel/Gaza and ideas that inflation may be
coming back pressured many commodity markets this week. The U.S.
dollar continues to strengthen.
7/25/14 Coffee futures prices rallied again this week. The
recent huge run up in the U.S. dollar index has hurt many
commodity markets. The flight to safety to the U.S. dollar
because of the turmoil in Russia/Ukraine, Israel/Gaza and Iraq
has hindered many commodity prices over the last couple of
weeks. U.S. dollar based assets like commodities are inversely
correlated to each other and a strengthening U.S. dollar hurts
commodity exports.
7/18/14 Coffee futures prices rallied this week. More headline
risk added volatility to some of the futures markets again this
week. The Malaysian airline that was shot down killing
approximately 300 people has much of the world considering harsh
sanctions against Russia. Also adding to the mayhem is the
Israeli insertion of ground troops in Gaza. This may spread
tensions across the region and hinder oil production and
exportation. The U.S. dollar seems to be the safe haven currency
as an influx of treasury buying boosted the greenback this week.
7/11/14 Coffee futures prices sold off this week. The Brazilian
harvest is in full swing at this point and the drought damage
that occurred earlier in the year seems to have been over
exaggerated. The issues with the Portuguese bank had many
investors worried about insolvency and a new round of European
Union problems. The escalating conflict between Israel and
Lebanon has increased the volatility of many markets.
6/27/14 Coffee futures prices traded mostly higher this week
after the recent sell off coinciding with the Brazilian harvest.
The U.S. dollar sold off versus the Eurocurrency and the stock
market made new highs. The idea that food and energy inflation
will persist especially if the U.S. economy begins to strengthen
helped some commodities stabilize.
6/20/14 Coffee futures prices traded mostly sideways this week
as the sell off seems to have stalled. Headline news risk seems
to be in charge of the markets again this week. The intensifying
conflict in Iraq; the conclusion of the FOMC meeting; and the
surprising jump in the inflation numbers coming out of the
commodity price index reports had many commodity markets on the
move this week.
6/13/14 Coffee futures rallied this week. Another example of the
effects of headline news risk hit the commodity and stock
markets this week. The islamic group known as ISIS managed to
attack and take over the second largest city in Iraq this week.
They looted the central bank and are heading to Baghdad and the
southern oil refinery region of the country.
6/6/14 Coffee futures prices sold off this week. The big news
this week was the European Central Bank's decision to lower its
interest rates. The pushed the U.S. dollar higher which in turn
pressured many commodity markets to sell off. The dollar has
been strengthening for about a month.
5/30/14 Coffee future prices sold off this week. The recent
uptick in inflation numbers did not seem to interest the
commodity bulls this week as most commodities were in correction
mode. The U.S. dollar has been on a tear to the upside over the
last few weeks and this might be the catalyst for many
commodities to sell off recently.
5/23/14 Coffee futures sold off this week as the harvest is
beginning in Brazil. The recent rise in the U.S. dollar
pressured most commodity markets this week. The idea that the
Federal Reserve Bank is exiting its quantitative easing campaign
has been a catalyst for many markets to sell off.
5/9/14 Coffee futures sold off this week. There was a rally in
the U.S. dollar this week which hurt many commodity prices.
There is an inverse relationship between the U.S. dollar and
U.S. dollar denominated commodities. Assets may be leaving the
Eurozone seeking safety from the Russia/Ukraine conflict.
5/2/14 Coffee futures prices continued to rise again this week.
Most commodity markets were up this week in spite of the FOMC
meeting conclusion the quantitative easing was cut back again.
The markets for the most part seemed to have factored in further
cuts. The Ukraine and Russia conflict continues with more
sanctions being proposed by the U.S.
4/26/14 Coffee futures prices continued their meteoric rise this
week. There are major concerns about the weather damage to the
current coffee crop. The el nino weather event is expected to
strengthen which may hamper harvesting that begins in mid May.
Commodities in general were strong this week as the U.S. dollar
continues to stay weak. The escalation in tensions between the
Ukraine and Russia is also affecting the commodity markets.
4/11/14 Coffee futures prices rallied higher this week. There
are still concerns about the Brazilian coffee crop and the
damage caused by the drought. Commodities in general rallied
this week as the stock market fell. This coincided with a
precipitous decline in the dollar index.
3/28/14 Coffee future prices rallied this week. The news that
the el nino phenomenon may be more intense this year helped push
coffee prices higher. The idea that the Brazilian drought may
persist is also pushing coffee prices higher.
3/21/14 Coffee futures prices sold off this week. Ideas about
potenial rain helping the coffee crop helped push prices lower.
Worry about the Russia and Ukraine situation still has many
traders on edge and the U.S. dollar rallied sharply this week
after the FOMC meeting with the new federal reserve president
Janet Yellen spoke. She said in no uncertain terms that after
the taper stops interest rates may begin to rise as soon as six
months after the conclusion of the fed's tapering regimin.
3/14/14 Coffee futures prices traded mostly higher this week.
The drought in Brazil saw some relief as minimal rains hit some
of the drought damaged areas but at this stage the yield damage
may already be done. Bad economic news out of China and the
continuing drama of the Ukraine and Russia stand off has created
a lot of market volatility this week.
3/7/13 Coffee futures prices traded higher again this week. The
Brazilian drought still has coffee bears on the ropes and prices
are still running higher in spite of recent rain. Also helping
the commodity markets in general is the weakening U.S. dollar
caused by the turmoil between Russia and Ukraine over the
Crimean peninsula.
2/21/14 Coffee futures prices traded higher again this week. The
drought in Brazil is pushing coffee prices up dramatically as
traders are beginning to assume yield damage has already
occurred. Commodities in general have been becoming more popular
with traders this year and many are rallying. This is happening
in spite of the bullish move in the U.S. dollar this week.
2/14/14 Coffee futures prices continued to trade higher this
week. Many commodity markets are rallying this week as the U.S.
dollar continues to weaken versus the Euro Currency. The idea
that the new federal reserve chairwoman will not hesitate to
stop tapering and use quantitative easing if the economy begins
to slow helped push many markets higher.
2/7/14 Coffee futures prices traded mostly higher this week. The
extremely dry conditions in Brazil has speculators piling into
the coffee market this week. The weak U.S. economic news this
week brought both the stock markets and the U.S. dollar down as
money is leaving those assets.
1/15/14 Coffee futures traded mostly lower again this week. In
general, the commodity markets are still out of favor but the
recent stock market sell off might drive investors to futures
and options. The Fed tapering is having the effect on traders to
get bearish as the good times during asset expansion by the Fed
is about to end.
1/17/14 Coffee futures traded mostly lower this week. The
commodity markets in general seem to be receiving interest from
investors to start out the new year. It could be that stock
investors are expecting a correction and are beginning to
diversify their asset classes. The expectation for Fed tapering
should be bearish for commodity markets over the near term.
1/10/14 Coffee futures prices traded higher this week. News
about troubles in Brazil may have put a bottom over the near
term in coffee prices. The recent unemployment report was dismal
and has many investors wondering about what the economy, Fed
tapering and interest rates will do for the first half of 2014.
1/3/14 Coffee futures prices traded mostly lower this week.
Commodities in general sold off this week as a lack of volume
had the markets drifting lower. The two weeks encompassing
Christmas and New Years are typically very slow as most traders
are in holiday mode. The idea that tapering might begin soon
also pushed commodities lower.
-T & K Futures and Options Inc.
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