Anonymous ID: da7128 May 25, 2024, 10:13 a.m. No.20913276   🗄️.is đź”—kun   >>3304 >>3449 >>3550 >>3639 >>3837 >>3866 >>3908 >>3966

OJ Prices Squeeze Into Blue-Sky Breakout As Food Inflation Fears Soar

 

(Monumental short squeezes abound in the commodity’s sector-some like this are supply driven but some are not as hedgies see the collapsing economy and have shorted real things but it’s turned on them HARD)

 

Orange juice futures in New York surged to new record highs on Friday morning, with prices squeezing over 30% in just a few short weeks. The latest price jump comes as citrus crop troubles across Brazil and the US continue to worsen global supply fears. 

The price of orange juice futures has soared to records, adding strain for consumers of the staple breakfast beverage. Citrus-crop woes in Brazil and the US are helping to fuel the relentless surge higher. Brazil is expected to see its worst orange harvest in 36 years, which will have a dramatic impact on global juice supplies — the South American nation accounts for about 70% of total exports of the beverage. In the US, Florida's orange groves have also suffered from decades of damage from disease and weather, putting limits on supplies from the top US juice producer. -Bloomberg 

According to Bloomberg data, OJ prices rose 10 cents, or 2.14%, to $4.765/lb, the exchange limit. Prices are in blue-sky breakout territory. 

 

As of 0912 et, the futures spread for July FCOJA-A versus Sept. FCOJA-A widened 1.75 cents/lb to 19.25 cents/lb. This is a sign of a market fraught with supply fears.  The most recent driver of the price surge: Sliding production in Brazil. Let's not forget about collapsing production in Florida. Ignore hyperinflating food prices. No alarm bells here. Whoops! But Democrats say food inflation is caused by 'greedy' corporations. 

Enjoy higher prices. Inflation is sticky. 

https://www.zerohedge.com/commodities/oj-prices-squeeze-blue-sky-breakout-food-inflation-fears-soar

Anonymous ID: da7128 May 25, 2024, 10:25 a.m. No.20913307   🗄️.is đź”—kun   >>3449 >>3511 >>3550 >>3639 >>3837 >>3866 >>3908 >>3966

>>20913243

Potato in 09-0018 C32A departed Stewart Air National Guard Base for his vanishing act back at Wilmington,DL-New Castle Cty Airport

 

And th-th-that’s all folks

https://rollcall.com/factbase/biden/calendar/

 

09-0017 C32A was on hold over Williamsport, PA as the escort and heading back to JBA

 

SAM969 C40B landed at JBA from Paris depart

JCOS related

Anonymous ID: da7128 May 25, 2024, 12:34 p.m. No.20913745   🗄️.is đź”—kun

>>20913707

Nope not getting behind the hot air train.

Sorry not buying dhat.

Not a deal breaker but not supporting that

>inb4 the cryptotards say “You just understand it”

Understand it just fine and loved that the ripple tards didn’t know it was a Mellon funded project until I told them in here a few years ago.

Clintons heavily involved too.