New NYBOT Coffee “C” Futures Volume Record - Also Open Interest Records In World Sugar And Cotton Contracts

Trading volume in the New York Board of Trade® (NYBOT®) Coffee “C”® (symbol KC) futures contract set an all-time high yesterday with 49,101 contracts changing hands. The new high replaces the previous record of 46,626 contracts set on October 13, 1999. Coffee volumes in 2006 have been running well ahead of the same time period in 2005 with futures volume up 27% in January and options volume up 43%.

Other NYBOT markets have continued their record pace in the new year, including a February 9 Sugar No. 11sm options contract (symbol SB) open interest high of 805,680 contracts, and a Cotton No. 2sm (symbol CT) futures open interest record of 138,000 contracts, set February 6.

NYBOT’s coffee contract calls for delivery of washed Arabica coffee produced in nineteen Central and South American, Asian and African countries. The contract trades from 9:15 am – 12:30 pm (NY Time) and calls for roughly 250 bags of coffee (or 37,500 pounds). The World Sugar contract trades at NYBOT from 9:00 am to 12:00 pm (NY Time) and calls for 112,000 lbs. of raw centrifugal cane sugar from 29 countries throughout the world, and the Cotton No. 2 contract calls for 50,000 pounds net weight of cotton (or approximately 100 bales), and trades from 10:30 am to 2:15 pm (NY Time).

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about the New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.