Orange Juice Futures Spike as Hurricane Develops Near Bahamas
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The National Hurricane Center in Florida is tracking a broad area of low pressure located near the northwestern Bahamas. There is a 70 percent chance the system will become a cyclone in the next 48 hours. The National Hurricane Center did not say if the hurricane is likely to reach the coast of Florida. Orange Juice futures are up 6 percent in early trading on Friday.
The price of orange juice futures can affect various agricultural stocks and the agricultural ETF (NYSE: MOO).
The price of orange juice futures can affect various agricultural stocks and the agricultural ETF (NYSE: MOO).
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