UAG - Coffee Is Sneakily Making Higher Lows
The price of coffee has been in a bear market since 2011 when it traded to a high at $3.0625 per pound on the nearby Arabica futures contract that trades on the Intercontinental exchange and is a member of the soft commodities sector of the raw materials asset class. Today, coffee is trading at approximately one-third the price level at the 2011 peak.
Coffee is a beverage that is part of the daily routine of many people around the world. With global population growth, the demand for coffee and many other agricultural commodities continues to