Image by Getty Images via @daylife (courtesy of Forbes) By Addison Wiggin The Daily Reckoning via Forbes August 30, 2010 Today’s report begins with an abominable horror: The world’s most valuable commodity has soared to its highest price in a generation. Coffee futures are approaching a 13-year high of $1.88 today. The case for more expensive coffee is growing stronger every week: Colombia had a smaller-than-normal harvest last year, and dry conditions in Brazil this year have pinched supply even tighter. Demand for this delicious, addictive stimulant is (naturally) growing. Stockpiles at Intercontinental Exchange-certified warehouses are down 35% this year and swill makers like Maxwell House and Folgers have already raised prices by 9% and 10%, respectively. Starbucks announced recently that it will eat the costs, which will amount to roughly 4 cents a share. Retail prices would have to rise a whole lot more than 10% for us to even consider switching to something as s...