The FCOJ-A futures contract is the world benchmark contract for the global frozen concentrated orange juice market. The contract prices physical delivery of U.S. Grade A juice (with grading performed by the U.S. Department of Agriculture), in storage in exchange licensed warehouse in several U.S. delivery points.
How do orange juice futures work?
If the price of orange juice increases to, say, 150 cents/pound, the long orange juice call option will come in the money and will be exercised. The buyer will get the long futures position at 135 cents.
How much is a orange juice futures contract?
Orange Juice Futures
| Orange Juice Contract Specifications | |
|---|---|
| Contract Size | 15,000 pounds of orange juice solids (3% or less) |
| Price Quotation | Cents and hundredths of a cent to two decimal places |
| Contract Months | January, March, May, July, September, November. |
| Minimum Price Movement | 5/100 of a cent per pound ( $7.50/contract / ) |
Where are orange juice futures traded?
the Intercontinental Exchange (ICE)
Frozen concentrate orange juice futures and options are traded at the Intercontinental Exchange (ICE). The ICE orange juice futures contract calls for the delivery of 15,000 pounds of orange solids and is priced in terms of cents per pound.
Is FCOJ still traded?
FCOJ futures are traded at the InterContinental Exchange (ICE), formerly the NYBOT, formerly the Coffee, Sugar and Cocoa Exchange (CSCE).
What are futures in trading?
Futures are derivative financial contracts that obligate parties to buy or sell an asset at a predetermined future date and price. The buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date.
Do they really trade frozen concentrated orange juice?
The short answer: yes. Frozen concentrated orange juice trading is actually a thing. Traders don’t pull up with carts full of little metal cans. Instead, they trade contracts that state they’ll deliver a certain amount of orange juice (15,000 pounds at a time, not in little cans) at the agreed-upon price.
Why is orange juice out of stock?
Citrus disease and bad weather are constraining supply of oranges in the United States and internationally. Meanwhile, demand for orange juice — which has been sliding for years — got a bump during the pandemic.
How is orange juice sold?
Orange juice is commonly marketed in three forms: as a frozen concentrate, which is diluted with water after purchase; as a reconstituted liquid, which has been concentrated and then diluted prior to sale; or as a single strength, unconcentrated beverage called NFC or Not From Concentrate.
What is orange juice stock symbol?
@OJ. 1: Orange Juice (Sep’22) – Stock Price, Quote and News – CNBC.
Is there an orange juice ETF?
The breakfast ETF, if approved, may be the the only fund to track orange-juice futures, Balchunas added. Futures for one of the most popular breakfast beverages have rallied to the highest level since 2018 amid a plunge in Florida orange output.
What is financial juice?
FinancialJuice is a free real-time news and financial content platform, their vision is to help traders and investors have their entire financial universe in one place and in real-time. Democratising access to market moving information and helping all investors be informed.
How much does a orange juice cost?
At the start of 2016, 16 ounces of orange juice costed the U.S. consumer about 2.73 U.S. dollars. By the end of 2020, this figure decreased by 40 cents.
What does FCOJ stand for?
Definition. FCOJ. Frozen Concentrate Orange Juice (usually 65 percent sugar solids) FCOJ. Florida Concentrated Orange Juice.
How did the Dukes go broke in trading places?
In other words, Winthorpe and Valentine have contracts allowing them to buy millions of pounds of orange juice in April for 29 cents a pound, and to sell it for $1.42 a pound. They sold high and bought low. They’re rich. The Dukes made the opposite bet and went broke.
How much did Lewis and Billy Ray make in trading places?
How much did Billy Ray and Louis make in their scheme? The actual amount isn’t given but the Dukes had to pay $394 million ($1.011 BILLION in 2019 adjusted for inflation) In the movie, the Dukes “shorted” oranges in a “margin” trade, using leverage.
How can I make money in futures?
Futures contracts apply to agricultural commodities, rising and falling as the supply and demand of items such as corn, steel, cotton and oil change. You can make money trading futures if you follow trends, cut your losses and watch your expenses.
When should you buy futures?
This usually happens on the date of the contract’s expiry. However, many traders also choose to settle before the expiry of the contract. In this case, the futures contract (purchase or sale) is settled at the closing price of the underlying asset as on the expiry date of the contract.
Are futures better than stocks?
Key Takeaways
While futures can pose unique risks for investors, there are several benefits to futures over trading straight stocks. These advantages include greater leverage, lower trading costs, and longer trading hours.
What happened to frozen orange juice concentrate?
Can I Still Get It in Stores? You may not be able to find as many brands or options for orange juice concentrate in the frozen aisle, but it’s still out there. Walmart sells the original Minute Maid concentrate, along with its Great Value brand. Kroger offers their own store brand as well.
Who invented frozen orange juice?
C. D. Atkins, an inventor of frozen concentrated orange juice, which revolutionized the Florida citrus industry, died last Saturday at his home in Winter Haven, Fla. He was 86. Mr.