Orange Juice Traders Eye Ernesto!

Orange Juice traders eye Ernesto! Orange Juice futures remain near contract highs, with two consecutive below average Florida Orange crops giving traders a good reason to be bullish. Now as analysts begin their estimates for the 2006-07 crop comes the first potential storm threat of the season-- Ernesto! Currently a tropical storm, Ernesto is expected to regain hurricane status as it approaches Cuba and the Gulf of Mexico. According to meteorologists, if Ernesto stays on its current track, Florida could be its next target. Early reports from the citrus groves show lighter than average fruit count on the trees, which is leading many traders to believe that this year's crop will not show any improvement from last year. Read More....