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Throughout 2019, the price of coffee has been trading around the $1 per pound level on the nearby futures contract on the Intercontinental Exchange. The range so far this year has been from a low at 86.35 to a high at $1.1435. The average level has also been a pivot point for the price of Arabica coffee futures.
Coffee has been trading in a bearish price pattern since November 2016 when the price rose to a high at $1.76 per pound. The peak that year was a lower high. In 2011, the price of Arabica