News Summary: OJ surges on Florida crop forecast

12/12/2012 1:15 PM
By Associated Press

ENERGIZED JUICE: Orange juice futures surged 3.2 percent after dry weather hurt Florida's crop. Traders also are concerned about the potential of frost damage during the winter.

FED SPEAKS: The Federal Reserve plans to take additional steps to help economic growth, including more bond purchases. Gold and other commodities have benefited from previous Fed bond-buying programs because low interest rates pressured the dollar. Commodities are priced in dollars so a weaker dollar makes them a bargain for traders who use other currencies.

SUMMING IT UP: Prices rose for gold, industrial metals, oil and soybeans. Natural gas, wheat and corn fell.


Do farmers have the tools they need to cut costs in the face of low crop prices?

  • Yes
  • No
  • Unsure

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3/3/2015 | Last Updated: 8:30 AM