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September arabica coffee (KCU24) on Tuesday closed up +15.55 (+6.63%), and Sep ICE robusta coffee (RMU24) closed up +286 (+6.58%). Coffee prices Tuesday rallied sharply for a second day, with Sep arabica and Sep robusta posting contract highs. Also, nearest-future July robusta posted an all-time high, and nearest-future July arabica posted a 2-3/4 month high. Coffee prices are soaring this week 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 Gerais region received 1.3 mm of rain …

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