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Rich Asplund

Robusta Coffee Rally Continues on Tight Supplies

Ice Brazil arabica USDA

July arabica coffee (KCN23) on Wednesday closed down -0.75 (-0.40%), and July ICE robusta coffee (RMN23) closed up +71 (+2.83%).

Coffee prices Wednesday settled mixed, with July robusta posting a contract high and nearest-futures (K23) robusta posting a 12-year high. Wednesday's rally in the dollar index to a 7-week high undercut arabica prices while supply concerns boosted robusta prices.

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