September arabica coffee (KCU24) on Tuesday closed up +3.55 (+1.44%), and Sep ICE robusta coffee (RMU24) closed up +171 (+3.63%). Coffee prices on Tuesday settled moderately higher, with arabica posting a 2-1/2 year nearest-futures high and robusta posting an all-time high. Dry conditions in Brazil and Vietnam threaten global coffee crops and are fueling fund buying of coffee futures. Excessive dryness in Brazil may cause premature flowering of coffee trees and reduce yields for Brazil’s 2024/25 coffee crop. Cooxupe, Brazil’s top coffee cooperative, said coffee trees remain stressed as several…