July arabica coffee (KCN24) on Friday closed down -10.65 (-4.57%), and July ICE robusta coffee (RMN24) closed down -150 (-3.51%). Coffee prices fell on some long liquidation pressure after the sharp rally seen in the past two weeks. Long liquidation pressure emerged after Friday’s news of progress on Brazil’s coffee harvest. Safras reported Friday that Brazil’s 2024/25 coffee harvest was 21% completed as of May 28, slightly ahead of 20% year-earlier but in line with the 5-year average. The arabica harvest is 16% complete, ahead of 14% year-earlier and the 5-year average of 15%. The robusta har…