The production of oranges is very sensitive to weather. The hurricane season common in the Florida region for example can have a significant impact on the prices of oranges both on the spot market and in the futures market. Make sure to take into consideration weather and seasonality when investing in FCOJ futures.
FCOJ-A (Florida/Brazil) | FCOJ-B (World) | |
---|---|---|
Ticker symbol | OJ | OB |
Contract size | 15,000 pounds | 15,000 pounds |
Underlying commodity | FCOJ from Brazil | FCOJ from any |
and/or Florida only | producing country | |
Price fluctuation | $0.0005/pound | $0.0005/pound |
($7.50 per contract) | ($7.50 per contract) | |
Trading months | January, March, May, July, September, November |
Country | Production (Tons) |
---|---|
Brazil | 17,804,600 |
United States | 8,266,270 |
Mexico | 3,969,810 |
India | 3,100,000 |
Italy | 2,533,535 |
China | 2,412,000 |
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