Coffee Futures Price Correction Could Be a Buying Opportunity

 

In my Q4 report on soft commodities on Barchart, I highlighted that a 24.49% price decline in Q4 pushed Arabica futures 26.01% lower in 2022. Coffee was the worst-performing soft commodity last year. 

The chart highlights the decline from $2.6045 per pound in February 2022, an eleven-year high, to $1.4205 in January 2023. At just below the $1.62 level on January 25, coffee futures are sitting closer to the low than last year’s peak. Arabica coffee futures fell 45.5% from the high to the low.  (more)