Eugene David
...The One-Minute Pundit

Tuesday, December 14, 2010


Orange juice futures tumbled 4.1% today on signs that citrus groves in Florida probably avoided damage from cold weather last night. Overnight was “not nearly as cold as the weather service was calling for,” a senior AccuWeather meteorologist says. “If there was any effect on the citrus crop, it was very small.”

Drat! This is almost as bad for speculators as the price of oil going down.

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