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JO - Coffee Starts To Percolate Higher- The Potential For An Upside Surprise Rises
iPathA Series B Bloomberg Coffee Subindex Total Return ETN
Before 2018, the price of nearby coffee futures that trade on the futures market on the Intercontinental Exchange had not declined below the $1 per pound level since 2006. Over the past two years, sufficient supplies of coffee beans caused the price to venture below one dollar frequently. In 2018, the low was at 92 cents per pound. In 2019, coffee futures fell to a lower low at 84.35 cents. So far, in 2002, coffee futures fell to a higher low at 92.70 in June. Each journey below the $1 level led to a price