In an October 15 Barchart article that asked if Arabica coffee futures bottomed, I concluded:
Coffee can experience wild price swings. Arabica prices rose from below 90 cents per pound in 2019 to over $2.60 per pound in 2022 before correcting below the $1.60 level in 2023. Time will tell if the Arabica futures bottomed at the $1.4205 level. The extended correction could be building steam for a significant move higher or lower over the coming weeks and months.
