Futures Trading Journal offers our subscribers a EXTREMELY successful (see performance history) computer aided commodities trading system for the softs commodity markets, particularly the coffee futures market, and has been used by top commodities brokers and leading financial institutions since mid-2002. The daily trade entries can be viewed by FTJ subscribers as soon as they a posted; subscribers are immediately notified via email. Posting of the coffee futures trade entries occurs before the trades have been executed given subscribers time to review the information and decide whether or not to utilize such data for their own personal means. Futures Trading Journal may from time to time post trade entries for commodities traded on the metals commodity market other than Coffee Futures.

For those individuals who are not familiar with the coffee futures / commodities market, here is some basic information that you should be aware of...

The Coffee, Sugar & Cocoa Exchange is the world's premier forum for coffee futures and options trading.

As an exchange, the CSCE does not participate in coffee price determination. Rather, it provides a visible, free-market setting where members can conduct futures and options transactions subject to Exchange rules and regulations. Since all futures and options contracts are standardized (with delivery months and locations, quantity and grade constant), only price is negotiable. The exchange environment allows prices to reach their natural levels - an important economic function known as price discovery.

Those prices are determined by "open outcry" trading on the Exchange floor. The open outcry method employs actual vocal bidding and assures that each trade is openly and competitively executed. With open outcry, all market participants are afforded the opportunity to buy or sell at the best available current price. The Exchange rapidly disseminates transaction prices all over the world.

Market participants are comprised of two main groups: hedgers and investors. Hedgers are primarily commercial firms that trade futures and options to reduce their risk to unfavorable price movements in the physical markets. Hedging with futures allows firms to lock in prices for future purchases or sales assisting in business planning and smoothing operations. Options hedging provides the ability to manage risk in many different market environments by paying premiums for price protection or earning income through option sales to augment marketing opportunities. Traditionally, hedgers have included coffee producers, importers and roasters.

• Trading Units: 37,500lbs. (approximately 250 bags)
  
• Trading Hours: 9:15A.M. to 1:35P.M. New York Time
• Price Quotation: Cents per pound
• Delivery Months: March, May, July, September, December
• Ticker Symbol: KC
• Minimum Fluctuation: 5/100 cent/pound, equivalent to $18.75 per contract.
• Daily Price Limits (from previous day's settlement price): 6.00 cents with variable limits effective under certain conditions. No price limits on two nearby months.

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As always, Futures Trading Journal reminds you that any investment, including commodities investments in soft commoditites and coffee futures, carries with it a substantial level of risk. FTJ advises anyone who is considering investing in the Gold Futures or Silver Futures precious metals commodities markets to speak with a licensed and qualified commodities broker to determine if such investments in commodities are suitable for you.