MRCI's Futures Highlight - Orange Juice(ICE)

MRCI's Futures Highlight - Orange Juice(ICE)

MRCI hopes this profile of the ICE Orange Juice futures contract, with its statistics and feature studies, will help you derive wise trading decisions from its presentation of long-term perspective, computer analysis, and historical background. This additional history is designed to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly and monthly charts on this page depict prices for nearby contracts, which most closely reflect the underlying cash market.

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved
Some data provided by Commodity Research Bureau

The table below offers a statistical analysis of historical daily trading in the ICE Orange Juice futures. The average range for each day of the week in each year and overall has been computed for purposes of comparison and further insight into the dynamics of this market.

MRCI's Nearby Futures Range Detail for Orange Juice(ICE) from 1/1976 - 3/2024
Calendar Year	Monday Avg Rng	Tuesday Avg Rng	Wednesday Avg Rng	Thursday Avg Rng	Friday Avg Rng	Yearly Avg Rng
1976	0.82($123)	0.78($118)	0.73($109)	0.61($91)	0.72($109)	0.73($110)
1977	2.70($406)	2.68($403)	2.65($397)	2.24($336)	2.42($363)	2.54($381)
1978	2.52($378)	2.29($343)	2.61($391)	2.44($366)	2.76($414)	2.53($379)
1979	2.42($363)	1.71($256)	1.62($243)	1.78($268)	2.11($316)	1.92($288)
1980	1.96($293)	1.37($206)	1.15($173)	1.39($209)	1.51($227)	1.47($221)
1981	3.53($529)	3.25($487)	2.94($441)	3.17($476)	3.05($458)	3.19($478)
1982	2.20($331)	1.79($269)	1.86($279)	1.89($283)	1.92($288)	1.93($289)
1983	1.33($199)	1.12($168)	1.04($156)	1.30($195)	1.22($183)	1.20($179)
1984	2.68($401)	2.46($369)	2.04($306)	2.08($312)	2.38($357)	2.32($348)
1985	2.09($314)	2.18($328)	1.88($281)	1.92($288)	1.91($286)	2.00($300)
1986	2.06($308)	1.71($257)	1.81($271)	1.83($275)	1.74($260)	1.83($274)
1987	2.06($308)	1.78($268)	1.87($280)	1.69($253)	1.90($285)	1.86($278)
1988	2.55($383)	2.57($386)	2.24($337)	2.45($368)	2.51($376)	2.46($370)
1989	3.51($526)	3.34($501)	2.74($411)	3.18($477)	3.53($529)	3.25($488)
1990	3.79($568)	3.51($527)	3.42($513)	3.31($497)	3.95($592)	3.59($539)
1991	2.94($441)	2.71($407)	2.35($353)	2.24($337)	3.10($465)	2.66($400)
1992	2.59($388)	2.50($375)	2.26($339)	2.40($361)	2.31($346)	2.41($362)
1993	3.21($482)	3.14($471)	2.96($444)	2.83($424)	2.97($446)	3.02($453)
1994	3.26($489)	2.69($403)	2.76($414)	2.77($415)	2.75($412)	2.84($425)
1995	2.52($378)	2.49($374)	2.52($378)	2.39($359)	2.42($363)	2.47($370)
1996	3.07($460)	2.55($382)	2.40($361)	2.42($363)	2.59($388)	2.60($390)
1997	2.51($377)	2.46($369)	2.14($321)	2.17($325)	2.18($328)	2.29($344)
1998	3.06($459)	2.90($436)	2.64($396)	2.42($363)	3.39($508)	2.87($431)
1999	2.32($348)	2.23($334)	2.77($415)	2.84($426)	2.66($398)	2.56($385)
2000	1.80($270)	1.64($247)	1.74($261)	1.39($209)	1.54($230)	1.62($243)
2001	1.43($215)	1.33($199)	1.37($206)	1.59($238)	1.69($254)	1.48($222)
2002	1.32($199)	1.25($188)	1.22($184)	1.34($201)	1.27($191)	1.28($192)
2003	1.63($244)	1.31($197)	1.52($228)	1.41($212)	1.52($228)	1.48($222)
2004	1.97($296)	1.68($252)	1.54($230)	1.65($247)	1.83($274)	1.73($259)
2005	2.33($349)	2.40($360)	2.20($330)	2.32($348)	2.15($322)	2.28($342)
2006	3.82($573)	3.25($488)	3.31($497)	4.00($600)	3.12($468)	3.50($524)
2007	4.52($678)	4.03($604)	4.86($730)	4.64($696)	4.27($640)	4.46($670)
2008	4.51($676)	4.61($691)	3.84($576)	4.23($634)	4.17($626)	4.27($640)
2009	3.90($585)	3.36($504)	2.98($448)	3.15($473)	3.04($456)	3.28($492)
2010	4.62($693)	4.66($700)	4.00($600)	3.91($586)	3.85($577)	4.20($631)
2011	4.92($738)	4.41($661)	4.30($646)	4.29($643)	4.03($604)	4.38($657)
2012	5.71($857)	5.98($896)	5.91($887)	5.91($887)	5.13($770)	5.73($860)
2013	4.05($608)	3.79($568)	3.90($585)	3.72($558)	4.09($613)	3.91($586)
2014	3.58($537)	3.26($489)	3.05($457)	3.38($507)	3.72($558)	3.39($509)
2015	4.44($667)	4.63($695)	4.12($618)	3.89($584)	3.76($564)	4.17($626)
2016	5.77($866)	5.70($855)	4.91($737)	5.33($799)	5.02($753)	5.34($801)
2017	5.46($819)	5.05($757)	4.65($697)	5.00($750)	5.00($750)	5.02($753)
2018	3.40($509)	3.47($521)	3.09($463)	3.07($460)	3.22($483)	3.25($487)
2019	3.36($503)	2.96($445)	2.91($436)	2.62($393)	2.45($367)	2.85($428)
2020	3.33($499)	3.08($462)	3.00($450)	3.40($510)	3.11($466)	3.18($477)
2021	3.52($528)	3.83($575)	3.68($551)	3.63($545)	3.37($505)	3.61($541)
2022	6.38($957)	5.67($851)	5.77($865)	5.60($840)	5.72($859)	5.81($872)
2023	9.60($1440)	10.44($1566)	9.16($1374)	9.23($1385)	8.50($1275)	9.38($1407)
2024	14.72($2209)	10.90($1635)	12.72($1907)	14.56($2184)	11.87($1781)	12.89($1933)

What other characteristics do ICE Orange Juice futures exhibit for various days of the week? We ran various studies for the last 180 calendar days of trading prior to trading prior to expiration for each contract.

MRCI's Nearby Futures Summary for Orange Juice(ICE) from 1/1976 - 3/2024
Summary Item	Monday Summary	Tuesday Summary	Wednesday Summary	Thursday Summary	Friday Summary	Yearly Summary
Range	3.31($496)	3.13($469)	2.98($447)	3.04($455)	3.05($457)	3.10($464)
Closed Up	1118(49%)	1255(51%)	1233(49%)	1239(51%)	1219(51%)	6064(50%)
Closed Dn	1138(50%)	1196(48%)	1218(49%)	1171(48%)	1127(47%)	5850(48%)
Closed Uchg	28(1%)	34(1%)	45(2%)	35(1%)	47(2%)	189(2%)
Gapped up	316(14%)	288(12%)	263(11%)	265(11%)	302(13%)	1434(12%)
Un-filled Gaps Up	127(40%)	89(31%)	78(30%)	100(38%)	108(36%)	502(35%)
Gapped Down	349(15%)	307(12%)	295(12%)	292(12%)	304(13%)	1547(13%)
Un-filled Gaps Down	135(39%)	101(33%)	78(26%)	79(27%)	103(34%)	496(32%)

Daily Percent Change Summary for Orange Juice(ICE)
UNCH	>0%- <1%	+1%- <2%	+2%- <3%	+3%- <4%	+4%- <5%	+5%- <6%	+6%- <7%	+7%- <8%	+8%- <9%	+9%- <10%	+10%- <20%	>+20%
189	3158	1569	761	309	127	76	25	15	9	5	7	3
	<0%- >-1%	-1%- >-2%	-2%- >-3%	-3%- >-4%	-4%- >-5%	-5%- >-6%	-6%- >-7%	-7%- >-8%	-8%- >-9%	-9%- >-10%	-10%- >-20%	<-20%
	2999	1519	750	329	139	61	25	16	6	1	5	0

The table below represents yearly low, high, last yield in the cash market for the ICE Orange Juice futures contracts. Quotes are from daily cash market price activity.

November Orange Juice(ICE) - Sep 30, 2021
	Contract Low(Dec-Sep)		Contract High(Dec-Sep)		Last Trading Day		Average
Year	Date	Price	Date	Price	Date	Price	Price
2020	03/18/2020	101.20	07/14/2020	131.10	11/09/2020	113.90	116.17
2019	10/30/2019	92.60	12/04/2018	146.25	11/08/2019	97.30	113.22
2018	10/31/2018	134.70	07/18/2018	171.90	11/09/2018	135.30	151.96
2017	07/20/2017	126.30	12/01/2016	202.35	11/09/2017	161.35	153.39
2016	03/08/2016	120.50	11/01/2016	235.00	11/09/2016	220.25	161.58
2015	09/29/2015	103.45	12/11/2014	156.35	11/09/2015	139.25	128.46
2014	11/07/2014	124.85	06/10/2014	169.00	11/07/2014	124.85	150.31
2013	01/04/2013	114.50	05/31/2013 06/05/2013 06/10/2013 06/12/2013	152.00	11/08/2013	131.00	133.63
2012	05/18/2012	102.30	01/10/2012	197.45	11/09/2012	106.95	137.11
2011	03/22/2011 09/26/2011	148.50	11/08/2011	199.00	11/09/2011	190.90	168.20
2010	04/08/2010	131.95	11/03/2010	165.90	11/09/2010	161.55	145.18
2009	02/19/2009	76.50	10/21/2009	118.20	11/09/2009	112.10	93.18
2008	10/10/2008	72.10	12/21/2007 12/24/2007	153.50	11/07/2008	83.65	119.28
2007	09/05/2007	110.60	12/04/2006	196.30	11/12/2007	135.55	155.49
2006	01/19/2006	118.50	11/02/2006 11/03/2006	200.75	11/08/2006	196.55	152.76
2005	01/07/2005	83.35	11/08/2005	124.55	11/08/2005	122.75	97.15
2004	05/19/2004	58.50	10/01/2004	89.40	11/09/2004	72.50	71.26
2003	10/30/2003 11/03/2003	66.80	12/11/2002 12/16/2002	107.30	11/07/2003	68.50	87.11
2002	05/07/2002 05/08/2002	86.50	08/13/2002	108.40	11/07/2002	98.95	94.26
2001	08/15/2001	77.70	12/06/2000	98.45	11/08/2001	93.15	85.79
2000	10/31/2000	66.15	12/09/1999	93.70	11/09/2000	71.85	79.95
1999	07/07/1999	73.30	12/01/1998	124.00	11/08/1999	99.00	90.73
1998	01/05/1998	91.00	10/09/1998	131.95	11/09/1998	119.65	109.79
1997	10/10/1997	65.00	12/04/1996	107.00	11/07/1997	71.55	82.82
1996	09/05/1996	103.00	12/06/1995	135.65	11/08/1996	107.30	118.44
1995	07/11/1995	97.00	12/19/1994	130.00	11/09/1995	122.10	111.18
1994	09/09/1994	85.00	12/16/1993	125.00	11/11/1994	111.05	105.24
1993	02/09/1993	78.50	09/29/1993	134.00	11/11/1993	105.75	106.46
1992	11/11/1992	93.30	12/06/1991 12/09/1991	154.50	11/11/1992	93.45	119.78
1991	03/12/1991	111.00	11/06/1991	173.35	11/12/1991	168.70	124.02

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