The word “coffee” is believed to be come from Kaffe, Ehtiopia, where coffee originated in the 9 th century. Derived from the coffee bean, it was not well-received, and at one time was even banned in Turkey and Egypt. The demand for coffee gradually increased until it has become one of the most popular beverages in the world. To meet the demand of the marketplace, the New York Mercantile Exchange has made available a coffee futures contract for trading on the CME Globex® trading platform and for clearing through NYMEX ClearPort® clearing.

The size of each contract is 37,500 pounds and its commodity code is KT. It is financially settled, and the final settlement price shall be set at the value of the New York Board of Trade coffee futures contract on the termination day of the contract month, or as specified by the Board of Directors.