July arabica coffee (KCN24) on Monday closed up +0.10 (+0.05%), and July ICE robusta coffee (RMN24) closed down -19 (-0.54%).
Coffee prices Monday fell back from 2-week highs and 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 9-month high last Friday of 4,312 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 14-month high Monday of 767,388 bags.
