Orange Juice Squeezes To New Highs

Orange Juice squeezes to new highs: Bullish speculators have discovered the Orange Juice futures market, driving prices to highs not seen since 1992 when lead month OJ hit 142.90. The run to new contract highs comes after the USDA lowered the new-crop estimate 4 million boxes to 154 million boxes. This is the second year of below normal yields for the Florida crop, as storm damage and disease has taken its toll on Florida citrus production. Read More....