OJ prices reportedly pulled even higher in recent weeks on reports of tightening supply both in Florida and for key origin Brazil. The benchmark Nov-23 contract settled Tuesday, Sep. 12 at a fresh contract high of 331.50 cents per ps, up 13 percent YOY [...]
Most-active Nov-23 FCOJ traded sideways midweek above retracement support near 306.00 cents, settling Aug. 24 at 308.05. RSI is neutral; the stochastic showed a nominal bearish crossover; MACD is neutral and looks set to follow the stochastic’s crossover. After multiple tests of the upper Bollinger [...]
In the first week of August, Sep-23 FCOJ drifted lower from its late-July contract high near 317.75 cents per ps, finding support the first week in August below 300.00 and above the 20-day moving average. On Aug. 10, the contract settled down 0.10 from [...]
Sep-23 FCOJ has continued its accelerated rally, settling Jul. 27 at 317.10 cents per ps, the first close below its upper Bollinger Band since Jul. 17. Jul. 27’s close was a contract high and up 22 percent from a month prior. RSI is strongly [...]
A six-session, 28.65 cent rally brought nearby Sep-23 FCOJ to a record close Jul. 21 of 299.90, up 146.50 cents or almost double the price of the Sep-22 contract a year ago. Nov-23 FCOJ also rallied over the week of Jul. 17, closing Jul. [...]
In the last report for 2022/23, USDA added 100,000 boxes to Florida’s Valencia orange production, raising the count to 9.7 million 90-pound boxes. Total Florida orange production for 2022/23 was down 62 percent from 2021/22. California’s Valencia crop did not in the end recover [...]
Most-active Sep-23 FCOJ traded sideways in the week of Jun. 26, keeping below its high of 264.30 cents on Jun. 20. The contract closed twice above its 20-day average the week of Jun. 26 but failed to break retracement resistance around 261.10 and 262.25, settling [...]
Jul-23 FCOJ rallied over the week of May 22, breaking the prior high of 279.85 cents and settling May 24 at a fresh high of 293.90, up 32 percent MOM and up 74 percent YOY. After two closes above the upper Bollinger Band, the [...]
