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JO - Higher Lows Send A Signal For The Coffee Futures Market
iPathA Series B Bloomberg Coffee Subindex Total Return ETN
Over the past fifteen years, the price of coffee has traded from a low of 84.45 cents to a high of $3.0625 per pound. At the $1.05 level on May 13, the price of the soft commodity is a lot closer to the low than the high. In 2019, coffee fell to 86.35 cents, just 1.90 cents above the decade and one-half bottom. Between 2007 and 2018, the price never moved below the $1 level.
Arabica coffee beans trade on the Intercontinental Exchange. The world’s leading producer and exporter of the beans is Brazil. Like