Monday, July 16, 2007

Orange Juice Futures Rise on Concern That Tropical Storms May Hit Florida

(Bloomberg) -- Orange-juice futures rose in New York
on speculation that tropical storm activity will increase by
month's end and may damage groves in Florida, the biggest
producer after Brazil.

The third named tropical storm of the U.S. hurricane season
usually occurs around July 30 and the first hurricane often
develops by Aug. 1, said Stephen Strum, president of Frontier
Weather Inc. in Tulsa, Oklahoma. Two named storms have already
occurred this season, Strum said.


Read more at Bloomberg Commodities News

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