A little afternoon fun in honor of the drop today in OJ futures – seems like FL’s crops will escape the worst of the cold snap. The epic scene from the end of 1983′s Trading Places:
Orange juice futures contracts retreated Thursday after much of Florida avoided a potentially devastating freeze overnight.
Orange juice contracts for March delivery fell 90 cents to settle at $1.4115 per pound, a day after hitting a two-year high of $1.4965 per pound.
The weather is expected to warm up slightly for a couple of days, easing concerns about crop damage. However another round of freezing temperatures are expected this weekend.
“We’re not out of the woods yet,” Meadows said. Temperatures are expected to fall into the 20s in parts of the state again on Saturday and Sunday night.
Based on the intolerance of Floridians to cold, this would be a good excuse to get long anyone who sells North Face jackets, though. (Kidding, not investment advice.)
Bill G // Jan 7, 2010 at 7:01 pm
5 dollars! Maybe I’ll go the movies… by myself.
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The Florida Weather Report // Jan 10, 2010 at 9:48 pm
[...] first wave of cold weather to go through FL this month didn’t do much damage, check out my Trading Places nod if you didn’t catch it). Expect a hot mess tomorrow if temperatures in Florida dip below [...]