$479.10
4.85[1.01%]
as of 2024-11-12
What is frozen concentrated orange juice?
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.
What are orange juice futures contracts?
Orange juice futures contracts include a specific amount of frozen concentrated orange juice to be delivered on a specific date at a fixed price.
How much orange juice is in a futures contract?
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.