date:Dec 20, 2012
Orange-juice futures climbed to a seven-month high on speculation that damage to citrus groves from dry weather in Florida, the worlds second-largest grower, will be more extensive than the government forecast.
Precipitation in the state will be below normal during the first half of January, Donald Keeney, a senior meteorologist at MDA Information Systems Inc. in Gaithersburg, Maryland, said today in an e-mail. On Dec. 11, the U.S. Department of Agriculture cut its forecast for Florida output b