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Cocoa

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From a luxury item to a staple part of modern life, cocoa remains a decadent product whose origins are exotic - even mysterious - for most end-users. Cocoa beans come from pods from trees (cocoa or cacao) which were originally grown in South America and were eventually cultivated on the African continent at the dawn of the nineteenth century. Grown in only a handful of countries across the globe, cocoa has an interesting and dynamic set of fundamentals which affect price. Although cocoa is traded on two exchanges globally - London and New York - our contract details will focus on the New York, or Intercontinental Exchange, information.

Contract Size: 10 metric tons.

Price Quote & Tick Size: Dollars per metric ton; minimum price fluctuation is $1.00 per metric ton or $10.00 per contract.

Contract Months: March, May, July, September, December.

Trading Specs: Futures trade electronically only on the Intercontinental Exchange 0400 to 1445 ET. Options floor trading hours are 0800 to 1300 ET.

Daily Price Limit: As of date of initial publishing, there were no daily limits; however, it is wise to consult the exchange.