September arabica coffee (KCU24) today is up +0.95 (+0.39%), and Sep ICE robusta coffee (RMU24) is up +14 (+0.31%). Coffee prices today extended this week’s rally, with arabica posting a 1-month high and robusta posting a 2-1/2 week high. Coffee prices have rallied this week on concern that freezing temperatures in Brazil could damage coffee crops. Meteorologist Rural Clima has forecasted that temperatures in Brazil could drop to near freezing next week. Coffee prices on Monday fell to 1-month lows on the increase in global coffee supplies after the International Coffee Organization (ICO) repo…