Relatively modern when compared to other agricultural products, orange juice futures are a versatile and often volatile market with unique fundamental and technical considerations. Fresh squeezed or mixed from concentrate, orange juice is a popular beverage across the world. The first juice production occurred early in the 20th century, and trading began later on the New York Board of Trade, where the market appeared in a particular feature film with Eddie Murphy and Dan Aykroyd. The frozen concentrated orange juice market has developed into a favorite focus for many traders and currently finds its home on the Intercontinental Exchange list of products.
Contract Size: 15,000 pounds of orange juice solids (3% or less)
Price Quote & Tick Size: Cents and hundredths of a cent to two decimal places; minimum tick is 5/100 of a cent per pound = $7.50 per contract therefore .10 represents $15.00 per contract
Contract Months: January, March, May, July, September, November
Trading Specs: Futures trade electronically only on the Intercontinental Exchange 0800 to 1400 ET.
Options floor trading hours are 1000 to 1330 ET.
Daily Price Limit: Ten cents per pound above/below the prior day settlement price. Limit is subject to expansion under certain conditions.
Trading Symbols: OJ, IOJ