Bulls Stampeded For The Exits Today In Orange Juice

Speculators sour on OJ futures: Bulls stampeded for the exits today in Orange Juice futures after the USDA raised FCOJ yields.The USDA lowered Florida's orange crop production by 1 million boxes to 153 million boxes in today's crop progress report. However, the report also increased yields to 1.61 gallons per box. This news was deemed bearish by most traders and analysts, and if true, would add up to 5 million gallons to existing supplies. Read More....