Spot FCOJ futures drop to four-month low

On Tuesday, Feb. 2, most-active Mar-21 FCOJ futures settled at 106.85, the lowest spot pricing settle since September and the lowest settle for the March contract in over ten months. Tuesday’s settle was 0.17 cents below the lower Bollinger Band, indicating the contract is [...]

U.S. orange output lower

This month, USDA lowered its 2020/21 early-midseason orange production forecast to 20.0 million 90-lb boxes for Florida, down 2.0 million boxes from the December estimate and down 3.0 million boxes from the November estimate. Florida’s Valencia orange production estimate remains at 34.0 million boxes, [...]

Apple juice imports/stocks rose in October

The U.S. imported close to 22.0 million single-strength-equivalent gallons of apple juice in October, up notably from very low volumes imported during the first two months of the 2020/21 marketing year but down 4 percent from October 2019. A little over a third of [...]

September pineapple juice concentrate imports around average

The U.S. imported just under 12.0 million liters of pineapple juice concentrate in September, right around the average for the month that we’ve seen during recent years. During Jun-Aug, PJC imports were notably higher than during the past two years, perhaps as importers secured [...]

Great pumpkin harvest expected for 2020

Families looking to hit the pumpkin patch ahead of Halloween and through the fall are in for a treat as 2020 look to be a bumper pumpkin crop. A good crop will be needed as strong demand is expected this fall as families look [...]

Washington apple crop to be about the same YOY

Washington State Tree Fruit Association (WSTFA) forecasts the 2020 Washington apple crop at 134 million 40-pound boxes, up just 100,000 boxes year over year. Around 21 million of those boxes will be organic apples as organic production rose 40 percent YOY. Washington apple farmers [...]

Weak dollar helping boost commodity prices

This past week’s Fed meeting and comments from Chairman Powell hinted at continued low-interest rates and a dovish stance to help the economy regain its footing in the current COVID-19 environment. Historically low-interest rates have already made an impact on the economy via a [...]

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