Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 10, 2013 12:43:28

Orange concentrate in anticipation of today's report wasd

ColosseumReturn to the almost annual maximum recorded Monday after weakening most active futures contract for orange concentrate on the exchange ICE Futures U.S. The reason was responding to speculation by which the U.S. Department of Agriculture report in today WASD again, for the fifth time, reduce the estimate of this year's production of oranges in Florida, U.S.. Analysts surveyed by Bloomberg estimate USDA reduced production of oranges compared the March estimate of 0.7% to a total of 137.97 million boxes. The causes are seen in dry and bacterial infection called greening. Futures on orange concentrate with the May delivery date strengthened in yesterday's session 1.5% to the closing price of 147.65 cents per pound of weight, almost close to Friday's annual maxima 147.75 cents per pound.

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