Orange Juice Falls as Storm Threat Subsides; Cotton Declines
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Orange-juice futures fell the most in two weeks on forecasts showing Hurricane Irene will miss Florida, the world’s biggest citrus grower after Brazil. Cotton also declined.
Irene, which was 250 miles (402 kilometers) southeast of Nassau in the Bahamas at 2 p.m. New York time, is forecast to pass near the North Carolina coast and strike southern New England late Aug. 28 or Aug. 29, according to the National Hurricane Center.