Pre. Settlement | N/A |
Settlement date | 2024-09-10 |
Open | 419.90 |
Bid | 419.65 |
Last price | 420.45 |
Day's range | 419.75 - 422.05 |
Volume | |
Ask | 422.05 |
The quickly changing prices of wheat, oil and even orange juice and cocoa futures contracts are telling a story about the real-life impact of extreme weather and how geopolitical turmoil affects some of the staples of our society.
Prices for orange juice rose on Tuesday to the highest since future contracts started trading in New York in 1966 as an outlook for limited production in the United States, Brazil and Mexico boosted investors' interest in the product. The January contract of frozen concentrated orange juice (FCOJ) on the Intercontinental Exchange (ICE) hit an all-time high of $4.17 per pound during the session, before falling back to $3.83 per pound. The contract was up 90% this year.
Bad weather and a citrus crop disease are leading to bitter orange juice prices for consumers.