Orange juice traders should pay attention to these consumption patterns as they can offer important clues about future prices. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. To buy a contract, you need $1,925 on margin; to maintain your account, you need to have $1,750. window.NREUM||(NREUM={}),__nr_require=function(t,e,n){function r(n){if(!e[n]){var o=e[n]={exports:{}};t[n][0].call(o.exports,function(e){var o=t[n][1][e];return r(o||e)},o,o.exports)}return e[n].exports}if("function"==typeof __nr_require)return __nr_require;for(var o=0;o0&&(l-=1)}),s.on("internal-error",function(t){i("ierr",[t,,!0])})},{}],3:[function(t,e,n){t("loader").features.ins=!0},{}],4:[function(t,e,n){function r(){M++,N=y.hash,this[u]}function o(){M--,y.hash!==N&&i(0,!0);var;this[h]=~~this[h]+t-this[u],this[d]=t}function i(t,e){E.emit("newURL",[""+y,e])}function a(t,e){t.on(e,function(){this[e]})}var s="-start",c="-end",f="-body",u="fn"+s,d="fn"+c,p="cb"+s,l="cb"+c,h="jsTime",m="fetch",v="addEventListener",w=window,y=w.location,g=t("loader");if(w[v]&&g.xhrWrappable){var b=t(10),x=t(11),E=t(8),O=t(6),P=t(13),R=t(7),T=t(14),L=t(9),j=t("ee"),S=j.get("tracer");t(15),!0;var N,M=0;j.on(u,r),j.on(p,r),j.on(d,o),j.on(l,o),j.buffer([u,d,"xhr-done","xhr-resolved"]),O.buffer([u]),P.buffer(["setTimeout"+c,"clearTimeout"+s,u]),T.buffer([u,"new-xhr","send-xhr"+s]),R.buffer([m+s,m+"-done",m+f+s,m+f+c]),E.buffer(["newURL"]),b.buffer([u]),x.buffer(["propagate",p,l,"executor-err","resolve"+s]),S.buffer([u,"no-"+u]),L.buffer(["new-jsonp","cb-start","jsonp-error","jsonp-end"]),a(T,"send-xhr"+s),a(j,"xhr-resolved"),a(j,"xhr-done"),a(R,m+s),a(R,m+"-done"),a(L,"new-jsonp"),a(L,"jsonp-end"),a(L,"cb-start"),E.on("pushState-end",i),E.on("replaceState-end",i),w[v]("hashchange",i,!0),w[v]("load",i,!0),w[v]("popstate",function(){i(0,M>1)},!0)}},{}],5:[function(t,e,n){function r(t){}if(window.performance&&window.performance.timing&&window.performance.getEntriesByType){var o=t("ee"),i=t("handle"),a=t(13),s=t(12),c="learResourceTimings",f="addEventListener",u="resourcetimingbufferfull",d="bstResource",p="resource",l="-start",h="-end",m="fn"+l,v="fn"+h,w="bstTimer",y="pushState",g=t("loader");g.features.stn=!0,t(8);var b=NREUM.o.EV;o.on(m,function(t,e){var n=t[0];n instanceof b&&(}),o.on(v,function(t,e){var n=t[0];n instanceof b&&i("bst",[n,e,this.bstStart,])}),a.on(m,function(t,e,n){,this.bstType=n}),a.on(v,function(t,e){i(w,[e,this.bstStart,,this.bstType])}),s.on(m,function(){}),s.on(v,function(t,e){i(w,[e,this.bstStart,,"requestAnimationFrame"])}),o.on(y+l,function(t){,this.startPath=location.pathname+location.hash}),o.on(y+h,function(t){i("bstHist",[location.pathname+location.hash,this.startPath,this.time])}),f in window.performance&&(window.performance["c"+c]?window.performance[f](u,function(t){i(d,[window.performance.getEntriesByType(p)]),window.performance["c"+c]()},!1):window.performance[f]("webkit"+u,function(t){i(d,[window.performance.getEntriesByType(p)]),window.performance["webkitC"+c]()},!1)),document[f]("scroll",r,{passive:!0}),document[f]("keypress",r,!1),document[f]("click",r,!1)}},{}],6:[function(t,e,n){function r(t){for(var e=t;e&&!e.hasOwnProperty(u);)e=Object.getPrototypeOf(e);e&&o(e)}function o(t){s.inPlace(t,[u,d],"-",i)}function i(t,e){return t[1]}var a=t("ee").get("events"),s=t(24)(a,!0),c=t("gos"),f=XMLHttpRequest,u="addEventListener",d="removeEventListener";e.exports=a,"getPrototypeOf"in Object? Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups. var _regex = /([^=&/<>()[].,;:s@"]+(.[^=&/<>()[].,;:s@"]+)*)@(([[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}])|(([a-zA-Z-0-9]+. mps._queue.gptloaded = mps._queue.gptloaded || []; Among its top holdings, you'll find companies in the farm equipment, seed and fertilizer, animal health, and food transport and processing industries. "),a=0;a'; Food safety concerns can cause supply shocks and higher orange juice prices. About Bloomberg Orange Juice Subindex Formerly known as Dow Jones-UBS Orange Juice Subindex (DJUBSOJ), the index is a commodity group subindex of the Bloomberg CI composed of futures … if (!_qs) { script.setAttribute("async", true); mps.scodePath="//"; By using our site you agree to our Terms of Use. 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Orange juice prices react most to these five factors: Weather plays an enormous role in moving orange juice prices. © 2020 CNBC LLC. } The FCOJ contract is offered on the Intercontinental Exchange (ICE), which contains 15000 pounds of orange juice … We also review and explain several technical analysis tools to help you make the most of trading. To set your timezone use the location button below, or scroll through the following list... Press this button to generate a shareable image: Got a confidential news tip? Many scientists attribute increased hurricane activity in Florida to global warming. However, options also have a strike price, which is the price above which the option finishes in the money. 'cag[template]' : 'quote_custom_redesign' , In the past, use of these products has led to bans on orange imports and higher orange juice prices. Economic overviews and debt clocks can give you a better understanding of a countries economic stance. 'path' : '/id/101/@OJ.1' , } Combined with the expansion of modern home refrigeration, frozen concentrated orange juice (FCOJ) brought orange juice to millions of consumers. Yahoo Finance is a leading financial destination, providing consumers with a broad range of comprehensive online financial services and information essential to managing one's financial life. 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Jack Scoville, vice president for Price Futures Group in Chicago, cites very low production estimates from the Florida Citrus Mutual, a trade organization, as reasons for optimism about prices: If the crop is anywhere near that small, even with the lousy [orange juice] demand outlook and things like that, we’ll have a chance to push the market up around $2 [a pound]. Options are also a derivative instrument that employs leverage to invest in commodities. If prices decline, traders must deposit additional margin in order to maintain their positions. While there aren’t any exchange-traded products that offer direct exposure exclusively to orange juice prices, there are several ETFs that include orange juice … Trading any financial instrument involves a significant risk of loss. if(typeof document.getElementsByTagName('meta')['tp:PreferredRuntimes'] === 'object') { It is impossible to get pure-play exposure to orange juice prices through the equity market. Since orange juice has essential nutrients including vitamin C and potassium, it could be a food commodity that garners huge demand. However, most of the consumption declines have occurred in the United States and Germany, while emerging countries such as China, Brazil and Russia are seeing increases. Whether or not scientists are successful in eradicating these diseases could have a big impact on orange juice prices. var foresee_enabled = 1 Although food remains the most basic and fundamental necessity, agricultural commodities have yet to experience significant price hikes. mps._ext = mps._ext || {}; Investing in a basket of commodities that includes orange juice, other agricultural commodities, metals and energy can accomplish two goals: Although the demand picture for orange juice has been weak in the United States and Western European countries, there is still likely ample demand for orange juice prices to stabilize. What Do the Experts Think About Orange Juice? 'site' : '' , 'subtype' : 'blog' , An orange juice futures contract represents 15,000 pounds of orange juice solids (3% or less). Get Orange Juice (Mar'21) (@OJ.1:Intercontinental Exchange US) real-time stock quotes, news and financial information from CNBC. Special trucks called goats then load the tubs on to tractor-trailers that hold 45,000 pounds of fruit. We show you how and where you can trade the ones you're interested in. The harvesting season for each variety of orange is different. Orange Juice Etf Symbol. Crops in both Brazil and the United States have faced threats in the recent past from diseases that kill orange trees. var d = new Date(); "443":"80"),r.hostname=e.hostname||n.hostname,r.pathname=e.pathname,r.protocol=o[0],"/"!==r.pathname.charAt(0)&&(r.pathname="/"+r.pathname);var i=!e.protocol||":"===e.protocol||e.protocol===n.protocol,a=e.hostname===document.domain&&e.port===n.port;return r.sameOrigin=i&&(!e.hostname||a),r}},{}],17:[function(t,e,n){function r(){}function o(t,e,n){return function(){return i(t,[].concat(s(arguments)),e?null:this,n),e?void 0:this}}var i=t("handle"),a=t(21),s=t(22),c=t("ee").get("tracer"),f=t("loader"),u=NREUM;"undefined"==typeof window.newrelic&&(newrelic=u);var d=["setPageViewName","setCustomAttribute","setErrorHandler","finished","addToTrace","inlineHit","addRelease"],p="api-",l=p+"ixn-";a(d,function(t,e){u[e]=o(p+e,!0,"api")}),u.addPageAction=o(p+"addPageAction",!0),u.setCurrentRouteName=o(p+"routeName",!0),e.exports=newrelic,u.interaction=function(){return(new r).get()};var h=r.prototype={createTracer:function(t,e){var n={},r=this,o="function"==typeof e;return i(l+"tracer",[,t,n],r),function(){if(c.emit((o? 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