March arabica coffee (KCH24) this morning is up +2.70 (+1.49%), and Mar ICE robusta coffee (RMH24) is up +52 (+1.80%). Coffee prices this morning are moderately higher, with robusta climbing to a 2-week high and just below last month’s record high. Arabica coffee prices are supported by concern that recent dry weather in Brazil will damage coffee crops. Somar Meteorologia reported Monday that Brazil’s Minas Gerais region received only 42.4 mm of rainfall in the past week, or 60% of the historical average. Minas Gerais accounts for about 30% of Brazil’s arabica crop. Tight robusta coffee suppli…