In a January 30, 2025, Barchart article on the Arabica coffee futures market, I concluded, “Cocoa experienced a parabolic rally that took the price 153.4% above the 1977 peak. Like coffee, FCOJ and cocoa rallies occurred on weather-related supply issues. If the orange juice and cocoa markets are an example, coffee futures could have significant upside potential and defy the historical pattern of corrections after eclipsing the $3 per pound level.”
The active month ICE coffee futures were trading at $3.6765 per pound on January 29, in record territory. In February, coffee futures eclipsed $4 per pound, reaching just under $4.30. Coffee futures have corrected but remain in record territory in March 2025.
