Almost no coffee is grown in or exported from OECD countries, and these countries dominate the global coffee market.

Coffee futures have traded in New York since 1882, first on the Coffee Exchnage of New York, then on the New York Board of Trade and now on ICE Futures U.S.

The price of coffee has been extraordinarily volatile over the years. It is subject to supply disruptions such as freezes in the Brazilian highlands.

The intraday volatility of coffee "C" futures is just as high, which has made the contract a favorate for day-traders over the years.

Two common arbitrage inter-market trades are the spread between Coffee "C" and the London International Financial Futures (LIFFE) Robusta contract.
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