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iPathA Series B Bloomberg Softs Subindex Total Return ETN
The price of Arabica coffee futures that trade on the Intercontinental Exchange fell to a low at 92 cents per pound in September 2018. The drop to the lowest level since 2005 led to a recovery that took the nearby contract to a high at $1.2550 in October.
The coffee market ran out of upside steam after the dramatic price recovery that took the soft commodity 36.4% higher in only one month. The price then made a steady series of lower highs and lower lows, leading to a new bottom at 86.35 cents in mid-April