Orange juice prices just hit another all time high and are now up 240% in 2 years. The commodity is officially up more than 100% this year alone. You know the market is in an unusual time when orange juice prices are outperforming hedge funds. Wild times.
There have been many reasons for the sudden surge of orange juice prices beyond inflation. Damaged crops and a lack of supply are the primary drivers. Truly anything is possible in the markets we have today. Follow us @KobeissiLetter for real time analysis as this develops.
@KobeissiLetter Orange juice is out performing $BTC.
Orange juice tastes good, but it’s sugar content is 23grams or 6 teaspoons per 8 ounce glass! While it’s naturally occurring vs added, that’s still = to the daily max for an adult woman and ~2/3 for an adult man. So, is the 100% price increase a crisis? Price inelastic? We’ll see soon!
@KobeissiLetter I learned back in 1995 that you don’t ever want to bet against OJ, long calls all day.
@KobeissiLetter This is wild and makes no sense. Its like eggs all over again
@KobeissiLetter Who would have predicted that investing in oranges would be so "fruitful"? 🤣
@KobeissiLetter Do you bother to research at all? Fl OJ was impacted by hurricane.
@KobeissiLetter @EthicalSkeptic take a look at that inflection point.