Orange juice prices are rising due to concerns over potential frost in Florida.

Platinum market rallies while forward curve remains in contango. Softs markets fall despite backwardation. Softs sector includes weather derivative markets, influenced by changes in weather. Coffee in long-term downtrend due to improved weather in Brazil and Vietnam. MarketWatch conversation mentions platinum forward curve in contango, while some Softs markets remain in backwardation. Cocoa and coffee struggle to find buying interest despite bullish fundamentals. Energies sector faces similar situation. Technical analysis focuses on market action, trends, and historical patterns. Cotton shows major uptrend, coffee confirms downtrend, cocoa trend unclear, sugar extends downtrend, orange juice signals major uptrend. Catalyst for trend changes attributed to improved weather in key growing areas.

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Summary 1: The orange juice futures market saw a 3% increase in prices due to concerns over a possible frost in Florida, the largest orange producer in the US.

Summary 2: Orange plantations in Florida are bracing for potential damage as temperatures are expected to drop below freezing, threatening the state’s $9 billion citrus industry.

Summary 3: The USDA reported that orange juice inventories are already at their lowest level in over a decade, adding to fears of supply shortages and driving up prices.: Why Softs Have Fallen on Hard Times