May arabica coffee (KCK24) on Monday closed down -0.20 (-0.11%), extending last Friday’s plunge of -3.64%. May ICE robusta coffee (RMK24) Monday closed down -18 (-0.55%), extending last Friday’s -2.48% sell-off. Coffee prices Monday continued lower on last week’s rain in Brazil. Somar Meteorologia reported Monday that Brazil’s Minas Gerais region received 45.7 mm of rainfall in the past week, or 107% of the historical average. Minas Gerais accounts for about 30% of Brazil’s arabica crop. Coffee inventories are tight, which is a supportive factor for coffee prices. ICE-monitored robusta coffee …