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BRF - I Rarely Cover The Orange Juice Futures But A Recent Move Deserves A Look At A Trend
VanEck Vectors Brazil Small-Cap
I rarely trade Frozen Concentrated Orange Juice futures even though the market took the spotlight in the 1983 classic movie, Trading Places. In that movie, the Dukes believed they had possession of a market-moving OJ crop report before its release, but it turned out the information was wrong which bankrupted Randall and Mortimer.
OJ is a highlight volatile commodity Since 1972, the price of the futures traded in a range from 37.4 cents to $2.35 per pound. The low came in 1977, and the high only a few years ago in November 2016. OJ is