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News Summary: OJ surges on Florida crop forecast

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News Summary: OJ surges on Florida crop forecast
Submitted by Fox First at Ten on December 12th

By By The Associated Press

ENERGIZED JUICE: Orange juice futures surged 3.2 percent after dry weather hurt Florida's crop. Traders also are concerned about the potential of frost damage during the winter.

FED SPEAKS: The Federal Reserve plans to take additional steps to help economic growth, including more bond purchases. Gold and other commodities have benefited from previous Fed bond-buying programs because low interest rates pressured the dollar. Commodities are priced in dollars so a weaker dollar makes them a bargain for traders who use other currencies.

SUMMING IT UP: Prices rose for gold, industrial metals, oil and soybeans. Natural gas, wheat and corn fell.

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 This material may not be published, broadcast, rewritten or redistributed.

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