Arabica Coffee Posts Moderate Gains on Brazil Crop Concerns

May arabica coffee (KCK24 ) on Friday closed up +5.75 (+2.78%), and May ICE robusta coffee (RMK24 ) closed down -22 (-0.58%). Coffee prices on Friday settled mixed, with arabica posting a new 5-3/4 month high. Arabica coffee prices are rallying due to the concern that recent heavy rain in…