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Orange Juice Heads for Longest Rally Since 1991 on Frost Risk

  • Florida’s entire citrus belt will be at risk this weekend
  • Farmers already completed half of harvest, reducing impact

Orange juice futures are heading for the longest winning streak in more than 30 years with frost threatening groves in Florida, the top supplier.

“The entire citrus country will be at risk of frost” this weekend, according to World Weather Inc. President Drew Lerner. At the moment, readings are expected between the upper 20 and low 30-degrees Fahrenheit. Trees must be exposed to temperatures near 28 degrees or below for four hours or more to cause major damage. Northern fringes of the citrus belt will be the coldest said Donald Keeney, meteorologist with Maxar Technologies Inc.