Citrus Power!

Orange Juice – FCOJ futures soared on fund and speculator buying to hit four-week highs. The recent cold front that hit Florida did not do any significant damage to crops, especially Valencia juice oranges. Market chatter suggests that recent USDA OJ production will be short by 5-7 million boxes, which, if accurate, is a large enough figure to change the fundamental outlook for the foreseeable future. Read More....