The Orange Juice Surge: Breaking All-Time Records and Gaining Momentum
But there’s one Commodity that has continued to quietly break new all-time record highs, almost on a weekly basis – And that’s Orange Juice.
Orange Juice prices have been on an unstoppable run this year and are currently trading at their highest level since 1966. This month, Orange Juice registered a new all-time record high of $431.95 per pound – tallying up an impressive gain of nearly 700% from their low of $54.20 per pound.
The rally has led to a rise in speculators entering the market – leading to some of the Wall Street’s most powerful banks calling Orange Juice futures “the new GameStop”.
For most traders on Wall Street, the explosive GameStop rally of 2021 came out of nowhere. They watched in astonishment as a swarm of retail traders banded together to push the price of the video game vendor’s stock into the stratosphere – up more than 1,700% to be precise – all in a matter of days.
A stunning price move, which not only made history, but also made millionaires and billionaires out of regular people.
Two years later – And Orange Juice has firmly positioned itself as the new darling of the trading world!
Commodity Price Forecast
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