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Orange-Juice Futures Head for Longest Slump in Six Weeks

Orange-juice futures capped the longest drop in six weeks on speculation that rains will boost crops in Florida, the world’s second-biggest citrus grower. Coffee also fell, while sugar, cotton and cocoa rose.

Most growing areas in Florida will get 0.5 inch (1.27 centimeters) of rain from May 19 to May 21, Kyle Tapley, a meteorologist at MDA Information Systems Inc. in Gaithersburg, Maryland, said in a telephone interview. This month, the U.S. Department of Agriculture affirmed the state’s orange crop will be 138 million boxes, 10 percent less than first forecast in October because of drought and a crop disease.