The Market Featured in ‘Trading Places’ Is in Decline. Blame Florida
Oranges sit on the ground after Hurricane Irma in Frostproof, Florida, on Sept. 11, 2017.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
What would the Duke brothers make of this? Interest in frozen concentrated orange juice futures is ebbing away, and Florida is to blame.
FCOJ is a small, niche market; some days, just a few hundred futures are bought and sold on ICE Futures U.S. in New York. But it can claim a place in the popular imagination that few other aspects of Wall Street can match, owing to the famous pit-trading scene near the end of the 1983 movie "Trading Places" where the Dukes attempt to corner the market.