September arabica coffee (KCU24) today is down -6.10 (-2.44%), and Sep ICE robusta coffee (RMU24) is down -153 (-3.30%). Coffee prices today are moderately lower as they give back some of this week’s sharp gains and consolidate the recent rally. Losses in robusta coffee accelerated today on a rebound in inventories after ICE-monitored robusta coffee inventories rose to a 1-year high of 6,057 lots. On Tuesday, Sep arabica and Sep robusta posted 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 have…