What are cocoa futures?
Cocoa futures are exchange-traded contracts on the Intercontinental Exchange (ICE). Cocoa contracts price the physical delivery of exchange-grade cocoa from a variety of African, Asian and Central and South American origins to delivery ports in the U.S. Cocoa is a popular agricultural commodity (softs) that's strictly grown in hot, rainy climates, with cultivation generally confined to areas not more than 20 degrees north or south of the equator. However, because many of these regions are in politically unstable areas, cocoa futures can be very volatile, as the price of cocoa is heavily influenced by political factors.
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Cocoa futures trade at the ICE, with a contract size of 10 metric tons. An account approved to trade futures is required in order to trade cocoa futures.
Cocoa futures contract specifications
Considering trading cocoa futures? Here are the cocoa futures contract specifications.
|Exchange||Intercontinental Exchange, CC|
|Contract Size||10 metric tons|
|Minimum Tick Size and Value||1.00, worth $10.00 per contract.|
|Trading Times||Cocoa futures trade electronically on the ICE platform from 4:45 a.m. U.S. ET to 1:30 p.m. U.S. ET.|
|Principal Trading Months||Primary trading months for cocoa futures and options are March, May, July, September, and December.|
With a Schwab futures account, you also get access to advanced trading platforms and education, where you can take advantage of actionable research, real-time cocoa futures quotes, and other specialized tools.
- Why trade cocoa futures?
- Benefits and risks of trading cocoa futures
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