Orange juice futures hit record on Wilma fears for Fla. crop

(XFN via COMTEX) ^ | Oct 19, 2005 | XFN Staff Reporter

[M. Espinola]

November frozen orange juice futures were trading up 4.60 cents to $1.135 a pound early Wednesday, and touched a contract high of $1.145 a pound, on concerns that Hurricane Wilma may damage orange crops in the state of Florida.

Weather forecasters upgraded the storm to Category 5 early today and said it may be the strongest storm ever recorded in the Atlantic basin.

Wilma is tracking to the west-northwest but forecasters expect it to dogleg to the northeast and bear down on Florida at the weekend.

[Brilliant]

The Florida growers were expecting a record crop this year, too.

[abb]

TURN THOSE MACHINES BACK ON!!!
TURN THOSE MACHINES BACK ON!!!

[conservativehusker]

Why did this instantly remind me of Eddie Murphy and Dan Akroid (sp/) in trading places???

[cjshapi]

I thought the exact same thing.

[M. Espinola]

Buy! Buy! - Sell! Sell!

The expected Florida crop may be getting all wet :)

[battlegearboat]

Randolph and Mortimere Duke are trying to corner the orange juice market.

[Clemenza]

I knew that this would happen. A friend of mine name Clarence Meeks tipped me off to it.

[Paleo Conservative]

So will consumers start complaining about being squeezed by orange juice prices?

[abb]

What I wanna know is which one is the boy gorilla and which is the girl gorilla....

[RFEngineer]

Sheeesh. I just got finished converting my SUV to run on Orange Juice.......Now I have to think about going back to gasoline?

Friggin' global warming!

[ZinGirl]

fine...I'll drink it straight then.

[M. Espinola]

Is that high-test or regular OJ? :)

[Xenalyte]

Apparently Billy Ray paid attention!

[M. Espinola]

Even though OJ price are up, the OJ traders panic, driving up prices and as soon as the panic subsides prices fall just as quickly.

This cat-5 Miss Wilma, contingent on how high up into the growing areas she goes will determine short term price trending.

This one bears watching.

[M. Espinola]

Yup, Billy Ray learned the ropes.

Winthorpe & Valentine; "They're not just getting rich... They're getting even."

Louis: My God! The Dukes are going to corner the entire frozen orange juice market!

Ophelia: Unless somebody stops them...

Coleman: ...or beats them to it. Eggnog?

Randolph Duke: Where's Beeks? Where in the hell is Beeks?

[M. Espinola]

I can't drink that stuff, it tastes like rubbing alcohol. OJ on the rocks is fine.

[CalRepublican]

That's exactly what this reminded me of. I wonder what Clarence Beeks has to say abou this.

[Constitution Day]

What happened to Zin, Girl? :)


BTW: My wife has switched to Riesling.

[JackDanielsOldNo7]

Ah Trading Places. The movie where Al Franken played baggage handler #2.