By Dian L. Chu Over the past year, orange juice futures have roughly doubled, and could rise some more as the US Department of Agriculture (USDA) in February cut its forecast for the US orange crop following a series of winter storms and frosts in Florida. In the same report, USDA also trimmed its forecast of the juice yield Florida producers would reap per box of oranges processed. Florida is the world’s biggest grower after Brazil, and the state’s coldest December on record already sent OJ futures surging 3.1% in January, following a 9.6% gain in December, on…
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