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Florida freeze scare sends FCOJ futures soaring

This article was originally published in Foodnews

COLD weather in Florida sent FCOJ futures to 17-month highs as the market took notice that the potential for crop-damaging freezes has arrived, traders said. Nearby January frozen concentrated orange juice rose 5.5 cents to settle at $1.3595 per lb solids on the ICE Futures US exchange, after touching a high of $1.3800/lb.


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