In order to invest in buying and selling related commodities, Gold Futures Co., Ltd. provides coffee futures contract services on the New York Futures Exchange. Each contract costs 37,500 pounds, and the security deposit is 24,000 Hong Kong dollars. The maintenance deposit is 70% of the initial deposit. The minimum jump point is 0.05 USD/lb = 18.75 USD, and the contract months are 3, 5, 7, 9, 12.
Observing the trend of coffee futures, it is found that the price of coffee fluctuates more violently than other commodities, and there have been many ups and downs in history, which can mainly be attributed to its high sensitivity to climate change. The growing environment of coffee must be stable, and high temperature, drought and frost can easily cause serious damage.
These two institutions provide stock data.
The weather in Brazil, the largest coffee producer, is the most changeable, especially in June and July of the harvest season. If there are abnormal weather conditions, the price of coffee will often rise sharply. During the whole period of 1980 before 1990, the price of coffee was almost within the price range controlled by the international coffee organization.
The member countries of the organization cover 95% of coffee producing countries and 85% of coffee consuming countries in the world. Starting from 1990, the international coffee organization suspended the export quota system to pay attention to the level of coffee stocks in consuming countries, and two organizations began to provide relevant information in this regard: 1. The Green Coffee Association conducts a monthly survey of major coffee warehouses in China, and publishes the survey results on 15 every month. 2. Mann, a dealer in London, uses the inventory data of the Green Coffee Association and then incorporates the relevant data of other major consumer countries to provide a broader and more comprehensive report.