July arabica coffee (KCN24) on Thursday closed down -1.50 (-0.75%), and July ICE robusta coffee (RMN24) closed up +18 (+0.53%). Coffee prices on Thursday settled mixed. A rebound in ICE coffee inventories from historically low levels is undercutting prices. ICE-monitored robusta coffee inventories on February 21 fell to a record low of 1,958 lots, although they recovered to a 5-1/2 month high Thursday of 4,144 lots. Also, ICE-monitored arabica coffee inventories fell to a 24-year low of 224,066 bags on November 30, but they recovered to a 13-month high Thursday of 749,8789 bags. Strength in th…