Is Freeze Season still Freeze Season for Florida Oranges?
With offices located in Florida, we are probably quoted more on the Orange Juice market than any other commodity by the news media. Yet, FCOJ also happens to be one of the least written about commodities on the board. This is why we believe that Orange Juice happens to be a great market to trade fundamentally. There simply is not a great amount of information available to the general trading public about Orange Juice. At least not as much as there is for markets like soybeans or crude oil, where the public has easy access to updates on crop conditions, soil moisture, storage builds or export quotas. What many investors may not know is that there has been a basic fundamental change in Orange production in Florida over the last 15 years. Much like the Coffee market (which also prices in a “freeze premium” in the month of May) key orange production areas have gradually moved out of the high risk freeze areas in recent years. In the late ‘80s and early ‘90s, Florida”s orange crop was rava
