September arabica coffee (KCU24) on Wednesday closed down -7.95 (-3.32%), and Sep ICE robusta coffee (RMU24) closed down -154 (-3.44%). Arabica coffee prices fell sharply on Wednesday as technical selling emerged with the new 2-week lows in arabica and robusta coffee futures. Coffee harvest pressures in Brazil are bearish for coffee prices. Safras & Mercado reported last Friday that Brazil’s 2024/25 coffee harvest was 74% completed as of July 16, faster than 66% last year at the same time and faster than the 5-year average of 70%. Brazil is the world’s largest producer of arabica coffee beans….