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CrosbyVenture
Aug 9, 2023 9:55 PM

INFLATION INCOMING - Real world implications (Oranges) 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?

Comments
FX_Professor
Gotta love them oranges and OJ! :)) awesome chart
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