Indiana Grain Company, LLC

Posted: 03/19/10

By: tomgrisafi

Orange juice futures contracts were at their lowest point in three weeks as the dollar rose against other currencies.

The stronger dollar also hurt energy prices Thursday. Grains and metals prices were mixed.

A stronger dollar makes commodities like orange juice more expensive for overseas buyers. That's because commodities are priced in dollars.

Orange juice prices have fallen about 5 percent in the past week after a government report forecast slightly higher crop production.

The USDA said growers began harvesting oranges at a quicker pace after January's scare, which moved more fruit to processing plants in January and February.

Source: Bloomberg

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