In recent years, citrus canker and citrus greening have been cutting into the yields of orange juice producing regions. Any damage to mature trees can affect orange supplies, and in turn, FCOJ futures prices, for years. The United States and Brazil outpace all others in orange juice production and are therefore very influential on the price of orange juice futures prices.Ī tree can take as long as 15 years to reach maturity. crop comes from Florida, and the geographic concentration can lead to extremely volatile trading in the orange juice futures markets during the June-December hurricane season. Hurricanes, freezes and tropical storms can cause the FCOJ futures market to rally dramatically if they hit at the right time. FCOJ FactsįCOJ Futures are another commodity futures product more susceptible to weather than most. The invention of frozen concentrated orange juice (FCOJ) in 1947 brought a new standard to the orange juice industry, opening the gates to an international marketplace that was not readily available before. Often, supply shocks were both quick and severe. Prior to 1947, the traditional form of consumption for orange juice was fresh-squeezed therefore, the commercial orange juice industry was constantly contending with the highly perishable nature of freshly squeezed oranges. FCOJ Futures HistoryįCOJ futures began trading in 1966 on the New York Board of Trade (NYBOT). The widely consumed drink plays a significant role in the commodities futures markets landscape, comparable to other soft commodities futures products such as sugar, coffee, and cocoa futures. Orange Juice Futures % High: Low: Orange Juice Futures Marketsįrozen concentrated orange Juice futures, commonly known as FCOJ futures, have a long and rich history in the Americas and around the world. Login Open Account Soft Commodities Futures Orange Juice Futures
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