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Apr.04
9:07 AM ET
Friday, 4 Apr 2008
OJ Gets the Squeeze
Topics:Agriculture | Commodities | Stock Market
Companies:Pepsico Inc | Coca Cola Co
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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 [KO
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], which owns many juice brands including Minute Maid, and PepsiCo [PEP
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] which owns Tropicana brands.
© 2008 CNBC.com
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