Arabica-Coffee Futures Surge to More than 5-Month High; Cotton Falls Lack Of Brazil Rain Causes Concern For Production This Year And Next By Alexandra Wexler The Wall Street Journal October 2, 2014 NEW YORK—Arabica-coffee prices surged on Thursday, as traders and investors continued to worry that dry weather in top grower and exporter Brazil would lead to fewer beans next year. During the trading session, arabica futures soared 6.7% in price to its highest in more than five months, but the contract for delivery in December on ICE Futures U.S. pared gains later in the session to end 4.1% higher at $2.0860 a pound. It was the highest settlement since Sept. 2. "Coffee is pretty much going solo on the upside after triggering more (buy) stops and attracting new fund buying ahead of postponed forecasts for rains in Brazil," said Rodrigo Costa, head of the coffee desk at brokerage Newedge in New York. "Everyone is afraid of the unknown." ...