Coffee prices plunge on global supply forecast

Published on NewsOK Modified: November 30, 2012 at 3:45 pm •  Published: November 30, 2012
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Gold for February delivery fell $16.80 to finish at $1,712.70 per ounce. March silver dropped $1.152, or 3.3 percent, to $33.279 per ounce and January platinum fell $14.90 to $1,604.60 per ounce. March copper rose 4.45 cents to $3.65 per pound and March palladium rose 75 cents to $688.20 per ounce.

Benchmark oil rose 84 cents to end at $88.91 per barrel, heating oil was essentially flat at $3.0413 per gallon, wholesale gasoline fell 2.56 cents to $2.7614 per gallon and natural gas dropped 8.7 cents, or 2.4 percent, to $3.561 per 1,000 cubic feet.

In March agricultural crop contracts, wheat fell 22 cents, or 2.5 percent, to end at $8.635 per bushel and corn dropped 6 cents to $7.5275 per bushel. January soybeans fell 9.25 cents to $14.3875 per bushel.