by Edward Faubert
We examine performance of the major soft commodities during the fourth quarter of 2012.
Despite a year of more quantitative easing, soft commodity markets slump amid newfound surpluses.
Coffee
Coffee prices as measured by the ICE futures contract (KC) finished the fourth quarter at $1.438 a pound, down 38 cents, or 21 percent, on the quarter (down 78 cents or 35 percent for all of 2012). The market has been in an almost continuous slide since May 2011, when prices peaked at just over $3.00 a pound.
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