News Summary: OJ surges on Florida crop forecast
- Article by: The Associated Press
- Associated Press
- December 12, 2012 - 2:57 PM
ENERGIZED JUICE: Orange juice futures surged 3.2 percent after dry weather hurt Florida's crop. Traders also are concerned about the potential of frost damage during the winter.
FED SPEAKS: The Federal Reserve plans to take additional steps to help economic growth, including more bond purchases. Gold and other commodities have benefited from previous Fed bond-buying programs because low interest rates pressured the dollar. Commodities are priced in dollars so a weaker dollar makes them a bargain for traders who use other currencies.
SUMMING IT UP: Prices rose for gold, industrial metals, oil and soybeans. Natural gas, wheat and corn fell.
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