Coffee Prices Fall Again; Corn, Soybeans Drop

By The Associated Press

Coffee futures fell again Monday, extending a recent decline. Corn and soybean prices also declined.

Energy futures were slightly higher and metals prices were mixed.

Coffee has fallen for 10 days straight as investors worry that Brazil's crop next year will be huge, increasing global supplies. The December contract fell 1.55 cents to $1.0755 a pound.

Corn and soybean futures fell 2 percent. December corn fell 9.25 cents to $4.3075 a bushel, and November soybeans fell 28.75 cents to $12.7125 a bushel. December wheat lost 9.75 cents to $6.81 a bushel, a decline of 1 percent.

Oil rose 83 cents to $98.68 a barrel in New York. It's still down 3.6 percent in October.

In other energy futures trading, wholesale gasoline added 4 cents to $2.63 a gallon, heating oil rose 5 cents to $2.96 a gallon and natural gas fell 14 cents to $3.57 per 1,000 cubic feet.

Gold for December delivery edged down 30 cents to $1,352.20 an ounce. December silver fell 10.1 cents to $22.538 an ounce.

High-grade copper was unchanged at $3.269 a pound. January platinum rose $17.40 to $1,472.90 an ounce. December palladium edged up $2.55 to $750.45 an ounce.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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