The iPath Pure Beta Coffee ETN (NYSEArca: CAFE) is another exchange traded note covering the commodity.
However, these ETNs are based on coffee futures, not the spot price, so they can be hurt by so-called contango.
“Keeping track of the movements of coffee futures can be a tall ordeal. As a soft commodity, coffee is well known for its volatility that sucks a number of traders in,” writes Michael Johnson at CommodityHQ. He listed seven coffee traders that investors can follow on Twitter for insight and analysis on this market.
Coffee Spot Price
