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2019 was a tough year for the coffee futures market. In mid-April, the price of the soft commodity dropped to its lowest level since the second half of 2005. Coffee traded to a low at 86.35 cents per pound in April.
After an attempt at a recovery, coffee futures struggled in August when the price probed below the 90 cents level, but the market made higher lows since the multiyear low. After a higher low at 92.20 in September, it has been a change of fortune for the coffee market. In November, the price rose