Potent, Bullish Brew Pushing Coffee To New Multi-Year Highs. $3 Ahead?
By Andy Hecht Commodities (Jun 01, 2021 07:40AM ET)
New highs in coffee futures
Dry conditions in Brazil
The Brazilian real rises
Forward curve remains bullish
Levels to watch
Soft commodities can be highly volatile. It is not unusual for prices to double, triple or half over short horizons. Coffee futures trade on the Intercontinental Exchange and is a leading member of the soft commodity sector. The world’s leading producer and exporter of Arabica coffee beans is Brazil.
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