December arabica coffee (KCZ24) Friday closed up +5.30 (+2.10%), and November ICE robusta coffee (RMX24) closed up +146 (+2.97%). Coffee prices rallied moderately on Friday as tightness in coffee inventories sparked short covering in coffee futures. ICE-monitored arabica coffee inventories fell to a 4-month low of 795,874 bags on Thursday, and ICE-monitored robusta coffee inventories fell to a 4-1/2 month low of 4,308 lots on Friday. Coffee inventories had recently recovered as ICE-monitored arabica coffee inventories rose to a 1-1/2 year high of 858,474 bags on September 12, up from the 24-ye…