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Keyword: orangejuicefutures

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  • Orange Juice Price Jumps on Big Citrus Crop Cut

    03/10/2005 8:14:51 PM PST · by M. Espinola · 20 replies · 568+ views
    Reuters ^ | Thursday, March 10, 2005
    NEW YORK — Orange juice futures uncorked a sizzling rally Thursday to end up and near a 2-1/4-year high on all-around buying after a surprisingly huge cut in USDA's projection of the hurricane-hit Florida citrus crop, dealers said. The New York Board of Trade's key May juice contract shot up 7.65 cents or 8.18 percent to settle at 101.20 cents a lb, ranging from 98.50 to 101.85 cents. It was the loftiest close for a benchmark contract since juice futures finished at 102.05 cents on November 27th, 2002. July juice shot up its 5.00-cent limit to 99.80 cents. The rally...