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November orange juice (OJX25) futures
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Drink Up! Orange Juice Prices Are Heading Higher From Here.
Yahoo Financeยท 2025-09-29 14:32
Core Insights - November frozen concentrated orange juice (FCOJ) futures are showing a buying opportunity due to price strength and a near-term technical advantage for bulls [1][2]. Price Trends - FCOJ prices are currently in a choppy uptrend, with a significant resistance level at last week's high of $2.5495. A breakout above this level would enhance bullish momentum and present a buying opportunity [1][3]. - The upside price objective for FCOJ futures is projected to be $3.100 or higher, while technical support is identified at $2.3025 [3]. Fundamental Factors - The support for FCOJ prices is driven by factors such as citrus greening disease and adverse weather events, including hurricanes and droughts, which have negatively impacted orange production in key regions like Florida and Brazil [2]. - Increased consumer demand for orange juice is also contributing positively to FCOJ prices [2].