MORE NATIONAL NEWS
West Virginia News
News from the region's first prime-time newscast. You'll find it First On Fox!
Orange juice futures rise as country braces for a deep freeze; Energy futures edge lower
Reported by: Associated Press
Reported: Monday, January 6, 2014 4:32 PM EST
Orange juice futures are higher as traders anticipate that cold weather might affect Florida's citrus crop.
Florida is expecting temperatures to fall into the 30s in part of the state Tuesday, but a Florida Citrus Mutual spokesman said temperatures must be at 28 degrees or lower four hours straight for fruit to freeze badly.
In other contracts, corn rose 4.25 cents, or 1 percent, to $4.2775 a bushel. Soybeans rose 5.5 cents, or 0.4 percent, to $12.7675 a bushel and wheat was flat at $6.0575 a bushel.
Gold fell 60 cents to $1,238 an ounce.
Crude oil for February delivery fell 53 cents to close at $93.43 in New York.