Archive for February, 2009

Short-Term OJ forecast verifies

Last week, Orange juice futures moved higher on speculation that a coming freeze in FL would significantly affect the crop.  At the time, we stated that while temperatures in Polk County were forecast to drop below freezing, it was unlikely that they would have been low enough for a long enough period in order to [...]

ICE sugar remains strong

The rally that started at the end of last week extended into Monday’s trading; March09 ICE sugar futures put in a strong performance crossing the 12.9 mark, and early activity on Tuesday has already exceeded 13 cents. Trading is above the 50d moving average, and technical signals are neutral to bearish in the short [...]