The Tuesday HOT TAKE

Oct 31, 2023

∙ Paid

What’s HOT

Is OJ’s run finally over?

Yesterday, orange juice traded above $400 for the first time in history, with Jan futures reaching a high of $400.80 on the close.

Today, OJ rocketed to $417.00 before capitulating in epic fashion, falling more than $33 to close at $383.70 - down 4.3% on the day.

OJ has been living on borrowed time though as both its production problems and futures run have been highly publicized in recent months.

Case in point this recently released chart from chartr:

HOT chart - this is incredible:

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