Coffee prices settled sharply higher on Friday amid a delay in Brazil's coffee harvest. September arabica coffee closed up 2.46% and September ICE robusta coffee closed up 2.11%. Safras & Mercado reported that Brazil's 2026/27 coffee harvest is 64% complete as of July 15, behind last year's comparable level of 77% and the five-year average of 70%. Heavy rains in Brazil have disrupted fieldwork and may have lowered crop quality, while Brazilian farmers are holding back sales. ICE arabica coffee inventories fell to a 2.25-year low of 332,945 bags, and robusta inventories recently touched a 2-year low before rising to a 3.5-month high.