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Commodity Trading Discussion Forum

Re: hugo, about the OJ?

Posted By: hugo
Date: Tuesday, 13 May 2008, at 11:04 a.m.

In Response To: hugo, about the OJ? (chet)

I haven't paid much attention to OJ for quite awhile except to not that OJ stocks have been replenished in the Movement & Pack statistics.

The hurricane related drawdown in stocks has been alleviated by lots of imports--from Brazil, I guess.

Don't really have a strong opinion on which way OJ will break. Given the plentiful supplies and looking at the weekly, I wouldn't doubt it breaks lower to 80-90c range this Summer.
hugo

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