September arabica coffee (KCU24) today is down -6.25 (-2.51%), and Sep ICE robusta coffee (RMU24) is down -26 (-0.56%). Coffee prices today are moving lower on increased precipitation in Brazil, which is alleviating concerns about dryness. Somar Meteorologia reported today that Brazil’s Minas Gerais region received 4.6 mm of rain last week, or 329% of the historical average. Minas Gerais accounts for about 30% of Brazil’s arabica crop. Last week, arabica coffee rallied to a 3-month high, and robusta coffee soared to a record high due to concerns that drier-than-normal conditions could adversel…