The daily fluctuations of the price of Arabica coffee futures on the commodity market has become an ever-present worry. A day has not gone by this year without some news story or other (many of which you have seen covered here on Sprudge) about the skyrocketing price and all the many downstream effects, some of which are catastrophizing for the sake of clicks, though others are very much based on real concerns.
For most layfolk though, the price of coffee on the C is just a number. Higher at times and lower at others, but that’s really about it. It lacks context. Enter Futures.Coffee, a new website tracking the fluctuations of the price of Arabica that hopes to tell the larger story of coffee on the commodities market.
Futures.Coffee is the work of Sandra Loofbourow, a Q Grader and the driving force behind Loupe Coffee Consulting, and her partner Tom Schluep, a software engineer. Together they spent the last six months developing the free web tool to “bring transparency, education, and accessibility to coffee futures trading data,” per the website.
The site automatically updates—on a 10-minute delay because this is expressly not meant to be used for trading—keeping track of the daily highs and lows as well as the percentage change from day to day. The real boon is the historical data, as anyone who has ever sought out this sort of information can tell you. It goes all the way back to 1973 and can be explored in one simple-to-read chart.
And for additional context, Futures.Coffee has a news section collating the latest articles about the price of coffee (including coverage from yours truly).
Futures.Coffee is informational only completely free to use. But you can support Loofbourow and Schluep’s work by donating to help cover the site’s hosting and subscription fees, which can be done here. for more information, visit Futures.Coffee.
Zac Cadwalader is the managing editor at Sprudge Media Network and a staff writer based in Dallas. Read more Zac Cadwalader on Sprudge.
