Earth to Gian !!!!!!!!!!!!!!!
I simply stated what I heard on the Network news between 6.30 and 7 pm.
I did observe the 2 limit up days.
I do not trade OJ, nor do I recommend doing so.
If this news is perceived to be a coming sudden drop in supply (of Imports) and only US production can be relied upon, then I see a "nightmarish situation developing" for all involved in forward futures contracts.
No, I do not think it will develop into a big problem. I think it is more likely that Jon Corzine has "sprayed some oranges" and invested his last $ in a futures contract !!!!
Just for Fun, let the scenario play out ..........
We have no more Orange Imports and have to rely on domestic production. What do you think will happen ????????
Lee