Coffee prices fall again; Corn, soybeans drop

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Associated Press

Posted on October 28, 2013 at 9:03 PM

Updated Monday, Oct 28 at 9:03 PM

Coffee futures are falling again, extending a recent decline. Corn and soybean prices are also lower.

Energy futures are slightly higher and metals prices are 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 Monday.

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.

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

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