December arabica coffee (KCZ24) Friday closed up +2.95 (+1.20%), and November ICE robusta coffee (RMX24) closed up +62 (+1.42%). Coffee prices Friday settled moderately higher as pre-weekend short covering boosted prices. Coffee prices have been under pressure this week, with arabica coffee posting a 2-week low Thursday and robusta coffee posting a 2-1/2 month low Friday. Improved short-term rainfall conditions in Brazil are undercutting coffee prices. Somar Meteorologia reported Monday that Brazil’s Minas Gerais region received 36.8 mm of rain over the previous week, or 115% of the historical…