OJ Gets the Squeeze

As Jane Wells pointed out Friday morning, orange juice seems to be getting squeezed when compared to the other headline agricultural commodities.

In fact, frozen OJ is down 23% year to date. Supplies are up and demand is down. Not a good recipe for futures. (Video: Jane Wells on OJ futures)

Here are some of these commodities, sorted from worst to best on a YTD basis.

Agricultural Commodities Performance YTD

Commodity	Contract Month	Price on 4/3	YTD % Change
Orange Juice	May08	110.9	-23.41%
Pork Bellies	May08	70.875	-17.56%
Milk	May08	14.5	-10.77%
Live Cattle	Jun08	89.075	-7.38%
Feeder Cattle	May08	100.8	-5.88%
Soybean Meal	May08	333.2	-1.04%
Soybeans	May08	12.57	3.52%
Wheat	May08	937	5.88%
Sugar	May08	11.81	9.15%
Cocoa	May08	2247	10.42%
Soybean Oil	May08	55.37	11.57%
Oats	May08	397	29.42%
Corn	May08	6	31.72%
Rough Rice	May08	20.2	45.69%

Companies that can be impacted include Coca-Cola, which owns many juice brands including Minute Maid, and PepsiCo which owns Tropicana brands.