Arabica Coffee Soars to a Record High as Drought Decimates Brazil’s Coffee Crop

March arabica coffee (KCH25 ) today is up +11.55 (+3.50%), and January ICE robusta coffee (RMF25 ) is up +156 (+2.97%). Coffee prices today are sharply higher, with Mar arabica posting a contract high and the Dec nearest-futures contract (Z24) posting a record high. Also, robusta coffee rose to a…