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Orange Juice Jumps as Irma Threatens Florida’s Crop

Prices soar the most in 16 months as Category 5 hurricane nears U.S. mainland

Orange juice futures surged as Hurricane Irma strengthened to become a Category 5 storm and remained on course to hit Florida later this week, threatening crops. Orange juice for November delivery jumped 6.2 percent on Tuesday to settle at $1.45 a pound on ICE Futures U.S., the biggest gain for a most-active contract since May 2, 2016. Florida, the nation’s top orange producer, has declared a state of emergency as Irma approaches.

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