Trading grain is not as sexy now as it was back in 2007-2008, but it could be worse. Orange juice futures were a big deal in 1983 when the movie Trading Places was a Hollywood hit but the underlying commodity has been falling out of favor in recent years. Global production and trade have been trending down as affluent consumers have been warned off sugar and have consequently veered away from sweet beverages.
Frozen concentrated orange juice futures have also been on a trend lower. Though also subject to supply/demand fluctuations, the price is half its level of three years ago and volume is down to around one-third of what it was a decade ago. ...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...