My Q1 2023 report on Barchart highlighted the 1.91% gain over the first three months of 2023, with the nearby ICE coffee futures settling at $1.7050 per pound at the end of March. The report noted that the price moved back toward the $2 level over the first two weeks of April.
Nearby coffee futures have been in a bullish trend since the January lows, and higher highs could be on the horizon. The iPath Series B Coffee Subindex TR ETN product (JO) follows ICE Arabica coffee prices higher and lower.
