(Bloomberg) -- Orange-juice futures closed at a
13-month low on speculation that the U.S. government will
maintain its forecast for the Florida orange crop, the biggest
after Brazil, easing concerns that supplies will shrink.
The Department of Agriculture on June 11 will probably
repeat last month's projection of 130.6 million boxes, Florida's
smallest crop in 17 years, according to four analysts and
traders surveyed by Bloomberg. The USDA has reduced its forecast
for three straight months.
Read more at Bloomberg Commodities News
13-month low on speculation that the U.S. government will
maintain its forecast for the Florida orange crop, the biggest
after Brazil, easing concerns that supplies will shrink.
The Department of Agriculture on June 11 will probably
repeat last month's projection of 130.6 million boxes, Florida's
smallest crop in 17 years, according to four analysts and
traders surveyed by Bloomberg. The USDA has reduced its forecast
for three straight months.
Read more at Bloomberg Commodities News
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