September arabica coffee (KCU24) today is up +2.70 (+1.10%), and Sep ICE robusta coffee (RMU24) is up +33 (+0.72%). Coffee prices today shook off early losses and are moderately higher. Coffee prices are seeing support from a lack of producer selling as Brazilian coffee farmers hoard beans in anticipation of higher prices. Coffee prices have rallied sharply this week, with Sep arabica and robusta posting contract highs on Thursday due to concern that drier-than-normal conditions could adversely affect Brazil’s and Vietnam’s coffee crops. Somar Meteorologia reported Monday that Brazil’s Minas G…