Orange Juice Futures Prices Are Surging And Nobody Knows Why

Orange Juice Futures Prices Are Surging And Nobody Knows Why

Orange Juice Futures Prices Are Surging And Nobody Knows Why

Moneybox
A blog about business and economics.
Jan. 10 2012 4:33 PM

Orange Juice Futures Prices Are Surging And Nobody Knows Why

Orange-juice futures rose the most in five years on speculation that citrus groves in Florida suffered more frost damage than expected last week, with some forecasters predicting more cold weather.
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CNN:

Orange juice futures surged Tuesday amid fears the U.S. government could ban Brazilian oranges after low levels of fungicide were detected by a juice company.

I'm going to fess up and admit that I don't know anything about what drives movement in the orange juice futures market.