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CrosbyVenture
Aug 9, 2023 9:45 PM

INFLATION is coming (Real consumer costs)  Long

Frozen Concentrate Orange Juice A FuturesICEUS

Description

Orange Juice is a clean way to define a couple of key things:

-- Weather forecasts
-- Inflation
-- Supply shocks
-- Global trade

Recently, I've taken note that OJ futures have skyrocketed more than 200% in the last 3 years. I was so surprised in fact, I had to look at it versus other commodities, which have seen a mild bounce (Wheat, Oats). And bigger spikes (Pork, Chicken) during the supply shocks of the pandemic.

But OJ keeps bucking the trend! Is this the REAL effect of inflation?
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