Postcards: Cornering the Frozen Orange Juice Market
When the Duke Brothers tried to corner the entire frozen orange juice market in Trading Places, they couldn’t have dreamed of today’s market conditions.
"Commodities are agricultural products... like coffee that you had for breakfast... wheat, which is used to make bread... pork bellies, which is used to make bacon, which you might find in a 'bacon and lettuce and tomato' sandwich."
- Randolph Duke, Trading Places
Dear Fellow Expat:
When the Duke Brothers tried to corner the entire frozen orange juice market in Trading Places, they couldn’t have dreamed of today’s market conditions.
On Monday, orange juice prices shot up another 10%, aided by bad weather, crop disease, and a sharp decline in orchards across the Florida Republic.
Keep reading with a 7-day free trial
Subscribe to Me and the Money Printer to keep reading this post and get 7 days of free access to the full post archives.