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Barchart
Barchart
Rich Asplund

Arabica Coffee Retreats in Hopes the Strait of Hormuz Will Soon Reopen

Ice the Strait of Hormuz United States Brazil Brazil Mar FAs StoneX Vietnam

July arabica coffee (KCN26) on Wednesday closed down -5.90 (-2.04%), and July ICE robusta coffee (RMN26) closed up +35 (+1.04%).

Coffee prices on Wednesday settled mixed.  Optimism that the US-Iran war could soon end and reopen the Strait of Hormuz weighed on coffee prices on Wednesday.

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