Orange Juice Ripe for a Fall

Orange-juice futures are due for a spill. Just when it seemed that years of declining demand for the onetime breakfast-food staple would never stop battering prices in the tiny frozen concentrated orange-juice futures market, the bulls ran wild. But now the market is ripe for a fall. Since October 9...

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Veröffentlicht in:Barron's 2015-10, Vol.95 (43), p.M12
1. Verfasser: Wernau, Julie
Format: Artikel
Sprache:eng
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Zusammenfassung:Orange-juice futures are due for a spill. Just when it seemed that years of declining demand for the onetime breakfast-food staple would never stop battering prices in the tiny frozen concentrated orange-juice futures market, the bulls ran wild. But now the market is ripe for a fall. Since October 9, when the US Department of Agriculture released its first forecast of the season that began October 1 for Florida oranges, which are used in US juice, prices for the nectar have skyrocketed 21%, to $1.3385 a pound on the idea that there might not be enough oranges to go around.
ISSN:1077-8039