May arabica coffee (KCK24) this morning is up +8.20 (+3.46%), and May ICE robusta coffee (RMK24) is up +185 (+4.62%). Coffee prices this morning are sharply higher, with arabica coffee surging to a 2-year high and robusta coffee soaring to a new all-time high. Coffee prices have rallied sharply over the past month on crop concerns in Brazil and Vietnam. Somar Meteorologia reported Monday that Brazil’s Minas Gerais region received 15.8 mm of rainfall in the past week, or 74% of the historical average. Minas Gerais accounts for about 30% of Brazil’s arabica crop. Robusta coffee is surging to new…