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WEAT - Coffee - The Most Frustrating Trade From The Long Side In Years
Teucrium Wheat Fund ETV
Coffee futures traded to a high at $1.76 per pound in November 2016 when it turned lower and made lower highs and lower lows culminating in a bottom at 92 cents per pound in September 2018. Before last August, coffee had not traded below the $1 per pound level since 2006 in a dozen years.
The move to which took the price to $1.2550 per pound over just five short weeks as the price of the soft commodity corrected by 36.4%. The move to the upside ended the pattern of lower highs, but it was