May arabica coffee (KCK24) this morning is down -0.20 (-0.11%), and ICE robusta coffee (RMK24) is up +15 (+0.45%). Coffee prices this morning are mixed, with robusta posting a 1-week high. Weakness in the Brazilian real is undercutting arabica coffee prices after the real (^USDBRL) today tumbled to a 4-1/2 month low against the dollar. The weaker real encourages export selling by Brazil’s coffee producers. Meanwhile, robusta coffee today extended last Friday’s gains on the outlook for a global deficit after Marex Group Plc forecasted a global 2024/25 robusta coffee deficit of -2.7 million bags…