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Irma - Florida - Orange Juice

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If Hurricane Irma hits Florida badly then there could be a spike in Orange Juice futures next week. It all depends on the damage of the crop. The market has started to already price in Irma with prices rising prior to the event. 

 

Cotton and Lumber futures too could be affected come next week. 

 

There are some short term spikes possible next week and potential for some short term gains to be made. However, warning the smart money has already gone in and will be looking for an exit and profit so there could be spikes downwards too!

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Interesting trade idea. Also covered in the morning call today along with cotton, as well as others Soft Commodities such as Soybean, Wheat and Corn on Wednesday 6th post. Around a 17% gain this month for NY Orange Juice, but do you think this is likely to continue basis the downgrade of Irma to Cat 2, or has the devastation already effected crops / distribution?

 

2017-09-11 08_24_33-IG Trading Platform _ Spread Betting.png

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The price action of soft commodities like Orange Juice, Cotton and Lumber have declined generally today from last weeks prices so the smart money had entered the trade prior, profited and now left the building!

 

 

 

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