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Coffee Is Sneakily Making Higher Lows

From seekingalpha.

The price of coffee has been in a bear market since 2011 when it traded to a high at $3.0625 per pound on the nearby Arabica futures contract that trades on the Intercontinental exchange and is a member of the soft commodities sector of the raw materials asset class. Today, coffee is trading at approximately one-third the price level at the 2011 peak.

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