bearish
-50% Orange Juice Price Implosion
SUMMARY
- -50% Orange Juice Price Implosion After a crazy price surge - orange juice futures traded at the ICE have more than halved since the start of the year.
- While reaching its temporary high of 539 USX in December, the forward contract is now trading at 247 USX.
- The price is now back at levels it was trading at the beginning of 2024. Compared to 2020 futures pricing is still up 150%. (yeah you read that right)
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