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News Summary: OJ prices surge on Florida forecast

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News Summary: OJ prices surge on Florida forecast
Submitted by Fox First at Ten on November 20th

By the Associated Press

JUMPING JUICE: Orange juice futures surged 4.2 percent after a government agency predicted last month that Florida's winter would be colder than normal. Traders are speculating that a freeze could hurt crops and cut into supplies.

OIL EASES: The price of oil fell 2.8 percent on signs that Israel and Hamas are close to a cease-fire to end Israel's week-long attacks in the Gaza Strip. A cease-fire could ease concerns about potential oil supply disruptions in the Middle East.

UPS, DOWNS: Prices rose for natural gas, wheat, corn and soybeans. Gold, silver, copper, coffee and gasoline futures fell.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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