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JO - Coffee Futures Roll To December- The Trend Remains Higher
iPathA Series B Bloomberg Coffee Subindex Total Return ETN
Coffee futures on the Intercontinental Exchange are rolling from September to December contracts. The roll period can create price volatility as some longs and shorts exit risk positions, and others establish new ones. Under ordinary circumstances, coffee futures experience a high level of price variance. When they roll from one active month to the next, it tends to exacerbate the volatility.
Before 2018, coffee had not traded below the $1 per pound level on the active month futures contract since 2006. In 2018, the price dropped to a low of 92 cents per pound. In