By Leslie Josephs The Wall Street Journal November 4, 2012 NEW YORK—Arabica-coffee prices are at nearly their lowest point since June, and market conditions point to still lower prices ahead. Arabica coffee for delivery in December ended at $1.5345 a pound on ICE Futures U.S. on Thursday, the lowest settlement since June 20. Prices recovered slightly on Friday, rising 1.3 cents, or 0.8%, to $1.5470 a pound, but were still down 1.9% for the week. Arabica-coffee futures have been well below 2011's levels, when prices peaked above $3 a pound. To try to counter the drop, Brazilian coffee growers have been storing rather than selling their arabica beans. But Colombia and Central American growers kicked off their harvests last month, and as the influx of supply pushes prices lower, Brazilian growers may try to sell before the prices fall too far. "There's a lot of coffee in the hands of Brazilian producers," said Marcio Bernardo, an analyst a...