In a December 12, 2024, Barchart article, I asked if coffee was heading for a new record high. I concluded the piece with the following:
Cocoa was the star performer in the soft commodities sector in 2024, but coffee took the bullish baton in November. Coffee only traded over $3 per pound four times and eclipsed the upside target at the 1977 $3.3750 per pound. If coffee futures follow cocoa, we could look down the current price in 2025 instead of up.
