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Wednesday, April 11, 2007

Bears get all juiced up!

Orange Juice futures fell to 6-month lows this morning, as speculative liquidation overwhelmed the market. Floor sources noted sell-stops being triggered below 180.00 in the most-active May contract. The recent sell-off comes after the USDA lowered its estimate for the Florida Orange crop by 1.3 million 90-pound boxes on Tuesday. Read More.....