Orange juice futures prices exploded higher this week, rising 13.48%. The move is in line with FLOJ being the best performing commodity in the first quarter of the year, they were up 30.8%. They are up 71% in the past year. The reason is supply, the U.S. Department of Agriculture estimates Florida production will fall to only 15.65 million boxes of oranges this season. In the 2021-2022 season Florida growers produced fill 41.2 million boxes. For perspective twenty years ago, … Continue reading “Orange Juice Futures Explode 13% Higher for The Week with Florida Crop Smallest in 86 Years”