Summary Box: Coffee prices jump amid tighter supplies; situation expected to be temporary
By APThursday, June 24, 2010
Summary Box: Coffee jumps on tighter supply
BUZZ AROUND BEANS: Coffee prices hit their highest level in two years before settling up 5.1 percent in Thursday’s trading. Analysts attribute the jump to temporary supply constraints.
UNEASY ABOUT ECONOMY: Disappointing economic news weighed on most commodities prices. Initial jobless claims fell last week but not enough to indicate improved hiring. Orders for durable goods declined last month for the first time in six months.
MIXED ENERGY: Energy prices were mixed, with oil and gasoline settling slightly higher.
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