Futures File: Farm Aid Program; Coffee Market Jitters
Coffee prices dripped to a three-month low on Friday, trading under $1.03 per pound.
The commodity has been extremely wild during the COVID-19 pandemic, with five moves of 20%-plus so far this year.
Demand and prices surged as Americans hoarded groceries, including their daily caffeine fix, pushing prices near $1.30 per pound in March. Over the last few months, demand has been falling as consumer use up supplies at home.