May arabica coffee (KCK24) on Thursday closed up +5.70 (+2.66), and May ICE robusta coffee (RMK24) closed up +66 (+1.75%). Coffee prices on Thursday moved sharply higher, with Arabica posting a 6-month high and Robusa posting an all-time high. Coffee crop concerns in Brazil and Vietnam are underpinning prices. Arabica coffee has support on weather concerns in Brazil as Somar Meteorologia reported Monday that Brazil’s Minas Gerais region received 2.5 mm of rainfall in the past week, or 12% of the historical average. Minas Gerais accounts for about 30% of Brazil’s arabica crop. Robusta has suppo…