Coffee C — Commitment of Traders

Coffee C futures trade on the ICE exchange in 37,500-pound contracts and are the global benchmark for Arabica coffee. The COT report for coffee is among the most watched soft commodity positioning datasets because the market is highly volatile and prone to supply shocks from Brazil and Colombia — the two dominant Arabica producers. Speculative positioning in coffee is often driven by weather in Brazil (frost risk in June-July, drought in key producing regions) and currency moves that affect the cost of South American exporters. The COT Index for Coffee C is particularly useful when weather events are driving prices: when specs are at record net longs during a Brazilian frost scare, any improvement in the crop outlook triggers sharp long liquidation. Commercial hedgers include roasters (Nestlé, JDE, Starbucks) who lock in future coffee costs, and exporters who sell forward. Weekly changes in the non-commercial net position track closely with Brazilian coffee harvest progress, currency (BRL/USD) moves, and certified ICE warehouse stock levels.