March arabica coffee (KCH24) this morning is up +2.15 (+1.14%), and Mar ICE robusta coffee (RMH24) is up +16 (+0.50%). Coffee prices this morning are moderately higher. Arabica coffee has support on concerns about excessive dryness in Brazil after updated weather forecasts reduced the chance for rain in Brazil next week. Robusta coffee also has support after ICE-monitored robusta coffee inventories today fell to a new record low. Dry conditions in Brazil are supporting arabica coffee prices. Somar Meteorologia reported last Monday that Brazil’s Minas Gerais region received 30.9 mm of rainfall …