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Orange-Juice Futures Rise on Florida Outlook; Cocoa Gains

Orange-juice futures rose on speculation that the U.S. government will reduce its estimate for Florida’s crop for the fifth straight month. Cocoa and sugar gained, while coffee and cotton slid.

Tomorrow, the Department of Agriculture may trim its estimate for Florida’s orange output by 0.7 percent to 137.97 million boxes from a month earlier because of drought and a bacterial disease called citrus greening, according to the average in a Bloomberg News survey of seven analysts. The state is the world’s second-biggest citrus grower.