Summary Box: Coffee prices jump amid tighter supplies; situation expected to be temporary

By AP
Thursday, 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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