Orange juice futures sold off this summer as is normal during the primary growing season. Fundamental analysis in this market by the commercial traders via the weekly Commitment of Traders report clearly shows that long hedgers are locking in future input prices as they believe that OJ is a buy under the $1.45 area. You can see their excitement kick in once the market fell below $1.45 in mid-June.
We went into more detail including orange juice futures seasonal and expiration analysis in our piece for Equities.com.
Read - OJ Ready for Expiration Rally
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