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Rich Asplund

Brazilian Real Weakness Undercuts Coffee Prices

Ice Brazil Vietnam FAs StoneX

July arabica coffee (KCN26) on Wednesday closed down -4.15 (-1.51%), and July ICE robusta coffee (RMN26) closed down -47 (-1.34%).

Coffee prices fell from 1.5-week highs on Wednesday and settled lower after weakness in the Brazilian real sparked long liquidation in coffee futures. The real (^USDBRL) fell to a 1-week low on Wednesday, encouraging export sales from Brazil's coffee producers.

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