What it is
Orange juice with most of the water removed and the concentrate frozen, so that it can be stored and shipped. The futures contract is for this concentrate, not for fresh juice.
How it is usually quoted
US cents per pound of juice solids.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
ICE (New York).
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Hurricanes and frost in Florida
- Citrus greening, a disease that has reduced groves in Florida and Brazil
- The size of the Brazilian crop
- How much juice households drink
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Brazil, chiefly the state of São Paulo, is by far the largest exporter. The United States (Florida) and Mexico follow.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Orange juice is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.