Arabica coffee futures trade on the Intercontinental Exchange (ICE) in the U.S., while Robusta coffee futures trade on ICE in Europe. Coffee is a soft commodity and a sector member that includes sugar, cocoa, cotton, and frozen concentrated orange juice futures.
In my Q1 report on soft commodities on Barchart, I wrote, “Soft commodities led the asset class on the upside in Q1,” posting an 11.12% gain. Nearby Arabica coffee futures on ICE settled at $1.7050 on March 31, 2023. In Q2, the price increased, and the trend remains bullish in June as the markets move toward the end of the first half of this year.
