Share “OJ futures surge on cold Florida winter...”

OJ futures surge on cold Florida winter forecast

Associated Press Published: November 20, 2012

Orange juice futures are surging. Balmy weather in Florida hasn't quelled speculation that a winter freeze could hurt the crops.

The price for frozen orange juice concentrate rose 4.2 percent Tuesday to finish at $1.22 per pound.

The government has predicted Florida's winter will be colder than normal. Analysts say that's attracting buyers to the market on speculation that the crops could be hurt by a freeze, which would cut into supply.

Meanwhile, the price of oil is falling on signs that Israel and Hamas are close to a cease-fire to end Israel's attacks in the Gaza Strip. That would ease concerns about potential supply disruptions in the Middle East.

In other trading, prices are lower for gold, copper and gasoline. Wheat, corn and soybeans are higher.


  1. 1
    Hillary Clinton just laid out a sweeping gun-control plan
  2. 2
    When It Comes to Sharing on Social Media, Conversations Differ By Race
  3. 3
    Just in time: Longhorns, Sooners get their own TollTags
  4. 4
    The 10 Richest Pets of All Time
  5. 5
    Should Where You Graduate From Affect What a Recruiter Thinks About You?
+ show more


× Trending business Article