Weekly Orange Juice: Watch For A Price Bump

Food Nov 16, 2012 No Comments

Orange juiceI expect to see orange juice prices pick up as we may be under way with futures appreciating 7% this week. As one can see, prices are bouncing off oversold levels and while past performance is not indicative of future results, let’s look at orange juice during the last four years.

Now in 2012 prices are starting from a depressed price and I think it is feasible into early 2013 to see orange juice prices gain 20% plus putting futures near $1.40; identified by the blue line and the 200-day MA.

Orange Juice Futures

Orange Juice Futures

via Weekly OJ: Watch For A Price Bump | Forexpros.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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