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December arabica coffee (KCZ24) today is up +1.60 (+0.63%), and Sep ICE robusta coffee (RMU24) is not trading today, with markets in the UK closed for a holiday. Arabica coffee is moving higher today on scant rainfall in Brazil. Somar Meteorologia reported today that Brazil’s Minas Gerais region received 0.6 mm of rain or 8% of the historical average last week. Minas Gerais accounts for about 30% of Brazil’s arabica crop. Last Tuesday, arabica posted a 2-1/2 year nearest-futures high, and robusta soared to a record high last Friday as adverse weather conditions in Brazil and Vietnam threatened…

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