Most-active Jul-23 FCOJ traded sideways in the last six sessions, consolidating between the 20-day moving average near 267.71 cents and retracement support above 264.40, closing May 4 at 266.75. RSI is neutral. MACD grew more bearish, while the stochastic grew less bearish, approaching a [...]
USDA today lowered projected Florida orange production by 2.0 million 90-lb boxes: Early-midseason oranges were lowered by 1.0 million boxes to 31.0 million, and Valencias were lowered by 1.0 million boxes to 41.0 million. This season’s oranges are experiencing higher drop rates than last [...]
May-19 FCOJ futures have turned higher: Last week, the contract gained over 7 cents Monday and Tuesday during active trade. After a short pause last Wednesday, the market has continued to climb in the four trading days since, settling near a three-month high yesterday. [...]
