Did Coffee Bottom? Is Now the Time to Buy Coffee?

ICE Arabica coffee futures reached the highest price since 2011 in early 2022. ICE Robusta futures rose to a record peak in June 2023. The leading coffee futures markets have corrected from the highs, with the nearby Arabica futures consolidating near the early 2023 lows. Time will tell if the consolidation leads to a recovery or if lower lows are on the horizon.