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Barchart
Barchart
Rich Asplund

Coffee Prices Settle Lower in Hopes Strait of Hormuz Could Soon Be Reopened

May arabica coffee (KCK26) on Wednesday closed down -1.75 (-0.55%), and May ICE robusta coffee (RMK26) closed down -33 (-0.90%).

Coffee prices settled lower on Wednesday as long liquidation emerged in coffee futures amid hopes that US-Iran diplomacy will soon end the war in Iran and allow for the reopening of the Strait of Hormuz.  

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