Orange Juice (OJ) Futures

$368.30
13.5500[3.68%]
as of 2024-02-22
Q

What is frozen concentrated orange juice?

A

Frozen concentrated orange juice or FCOJ came to the market in 1945 and helped oranges become the most popular fruit harvested in America. FCOJ is sold around the world as a raw material that is easy to store and doesn’t spoil.

Q

What are orange juice futures contracts?

A

Orange juice futures contracts include a specific amount of frozen concentrated orange juice to be delivered on a specific date at a fixed price.

Q

How much orange juice is in a futures contract?

A

Orange juice futures contracts include 15,000 pounds of frozen concentrated orange juice, which is measured by weight because it is delivered in its solid form.

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