OJ Gets the Squeeze
Director of Market Data & Content Services, CBNC
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|
Companies that can be impacted include Coca-Cola, which owns many juice brands including Minute Maid, and PepsiCo which owns Tropicana brands.