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(Bloomberg)   Orange you glad you haven't invested in Florida citrus?   (bloomberg.com) divider line 48
    More: Followup, Florida Department, citrus, Minute Maid, Tropicana, branch manager, Dole Food Co., housing developments, United States Department of Agriculture  
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2002 clicks; posted to Business » on 26 Dec 2013 at 2:51 PM (28 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



48 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-12-26 02:00:38 PM
Sell, Mortimer, sell!
 
2013-12-26 02:58:37 PM
Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"
 
2013-12-26 02:58:55 PM
This an outrage! I demand a full investigation!
 
2013-12-26 03:02:41 PM
Over in one
 
2013-12-26 03:02:58 PM
I predict this thread will quickly fill up with Trading Places quotes and references.

Where the hell is Beeks?
 
2013-12-26 03:05:49 PM

Gig103: Sell, Mortimer, sell!


Done in one...  Nothing else to see, here.  Wrap it up folks.
 
2013-12-26 03:06:19 PM

Smeggy Smurf: Over in one


static5.businessinsider.com
 
2013-12-26 03:17:05 PM
I invested in pumpkins. I think they'll peak right around January
 
2013-12-26 03:27:32 PM
In addition to Florida, the pest and the disease have been detected in Texas and California.  The USDA and CFDA have enacted quarantine areas in Cali to prevent the spread.  I'm hoping it works.

I have a few dozen citrus trees in the back yard.  It would cost a couple thousand dollars to replace them if they all died.
 
2013-12-26 03:30:25 PM
I'm glad I spent all of my money on pork bellies then.
 
2013-12-26 03:43:51 PM
"A gnat-sized insect, the Asian citrus psyllid, forced Dean Mixon to replace about 1,000 orange trees in the past two years"

Why does this kind of shiat always seem to originate in Asia?
 
2013-12-26 03:48:06 PM
media.giphy.com
 
2013-12-26 03:58:10 PM

ReapTheChaos: "A gnat-sized insect, the Asian citrus psyllid, forced Dean Mixon to replace about 1,000 orange trees in the past two years"

Why does this kind of shiat always seem to originate in Asia?


Because to stop it would mean a biological land war in Asia.
 
2013-12-26 04:06:22 PM

ReapTheChaos: Why does this kind of shiat always seem to originate in Asia?


You'll be glad to know that the Americas paid them kindly in return by sending over fire ants.
 
2013-12-26 04:23:52 PM
Umm...doesn't this mean that the price is going UP?  So if you had invested, you'd make out like a bandit.
 
2013-12-26 04:28:24 PM
You know I was wondering why the local grocery didn't have any naval oranges. I don't recall the variety they did have, but it was pretty terrible.
 
2013-12-26 04:46:43 PM
...U.S.per-capita consumption fell to 3 gallons in 2012 from 4 gallons in 2008 and 5.5 gallons in 2000...

Dang, that's a big drop. Interesting. I had no idea.
 
2013-12-26 04:54:34 PM
Stop being organic hippie treehuggers and use some pesticides.
 
2013-12-26 04:58:57 PM

ReapTheChaos: "A gnat-sized insect, the Asian citrus psyllid, forced Dean Mixon to replace about 1,000 orange trees in the past two years"

Why does this kind of shiat always seem to originate in Asia?


Combination of reasons: first, the geographical distance means that there has been a wider genetic drift between related plants and animals. Second, our contact with Asia for purposes of importing plants/animals is relatively recent compared to, say, western Europe, and is also proceeding at a much more rapid pace than the slow introduction of western European plants and animals during the early colonial period of North America. Finally, all of the good plagues from other areas of the world have already shown up over here, a long time ago.

Mostly I'd say it's the genetic diversity thing, though. We bring over a whole lot of live plants from Asia because they're different than the native plants, and they bring over bugs that our plants aren't able to withstand.
 
2013-12-26 05:01:29 PM
Came into these comments for the "sell, Mortimer, sell!"....delighted to see it in the very boobies comment!
 
2013-12-26 05:05:34 PM

ReapTheChaos: Why does this kind of shiat always seem to originate in Asia?


Because people in Asia never buy any of our crap so our insects can hitch a ride and wreck their stuff.
 
2013-12-26 05:10:54 PM

FormlessOne: Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"


While I am unaware of this 'Trop50', I generally cut it half and half with water myself. Too sweet.
 
2013-12-26 05:37:05 PM
Okay, this is probably a stupid question, but what happens if more futures are sold than are harvested?

Or are there checks to insure that that doesn't happen?
 
2013-12-26 05:47:31 PM

inclemency: FormlessOne: Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"

While I am unaware of this 'Trop50', I generally cut it half and half with water myself. Too sweet.


Well, you'll be glad to know you can buy it, pre-mixed, for about double the cost of orange juice - and it's naturally sweetened with stevia, too!

Ingredients for Trop50 No Pulp: FILTERED WATER, NOT FROM CONCENTRATE PASTEURIZED ORANGE JUICE, MALIC ACID, CITRIC ACID, NATURAL FLAVORS AND REB A.

Yep. Less than half juice, but with additional flavoring & sweeteners, because Reb A is cheap, but OJ is expensive...
 
2013-12-26 05:50:51 PM

FormlessOne: inclemency: FormlessOne: Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"

While I am unaware of this 'Trop50', I generally cut it half and half with water myself. Too sweet.

Well, you'll be glad to know you can buy it, pre-mixed, for about double the cost of orange juice - and it's naturally sweetened with stevia, too!

Ingredients for Trop50 No Pulp: FILTERED WATER, NOT FROM CONCENTRATE PASTEURIZED ORANGE JUICE, MALIC ACID, CITRIC ACID, NATURAL FLAVORS AND REB A.

Yep. Less than half juice, but with additional flavoring & sweeteners, because Reb A is cheap, but OJ is expensive...


What in hell is Reb A?
img.fark.net
 
2013-12-26 06:04:49 PM
 
2013-12-26 06:12:05 PM

jaytkay: ...U.S.per-capita consumption fell to 3 gallons in 2012 from 4 gallons in 2008 and 5.5 gallons in 2000...

Dang, that's a big drop. Interesting. I had no idea.


Probably because more of us are realizing that it's just liquid candy. Heck, oranges are hardly more than candy plus fiber. Unless you have problems you should be eating your fruit and veggies, the fiber is important.
 
2013-12-26 06:30:38 PM
This should be a Global Warming leads to lower freezing temperatures leads to expanded insect territory creating record low crop yields.

But guess since AGW is a liberal conspiracy to create a one world government this is all about the change of the Market.
 
2013-12-26 06:30:45 PM

ecmoRandomNumbers: FormlessOne: inclemency: FormlessOne: Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"

While I am unaware of this 'Trop50', I generally cut it half and half with water myself. Too sweet.

Well, you'll be glad to know you can buy it, pre-mixed, for about double the cost of orange juice - and it's naturally sweetened with stevia, too!

Ingredients for Trop50 No Pulp: FILTERED WATER, NOT FROM CONCENTRATE PASTEURIZED ORANGE JUICE, MALIC ACID, CITRIC ACID, NATURAL FLAVORS AND REB A.

Yep. Less than half juice, but with additional flavoring & sweeteners, because Reb A is cheap, but OJ is expensive...

What in hell is Reb A?
[img.fark.net image 240x360]


It's a sweetener derived from stevia. It's how they can claim that it's "naturally sweetened" yet still low in calories.
 
2013-12-26 07:33:22 PM

FormlessOne: inclemency: FormlessOne: Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"

While I am unaware of this 'Trop50', I generally cut it half and half with water myself. Too sweet.

Well, you'll be glad to know you can buy it, pre-mixed, for about double the cost of orange juice - and it's naturally sweetened with stevia, too!

Ingredients for Trop50 No Pulp: FILTERED WATER, NOT FROM CONCENTRATE PASTEURIZED ORANGE JUICE, MALIC ACID, CITRIC ACID, NATURAL FLAVORS AND REB A.

Yep. Less than half juice, but with additional flavoring & sweeteners, because Reb A is cheap, but OJ is expensive...


Your sarcasm is justified. This news does not gladden me.
 
2013-12-26 07:38:08 PM

gfid: Okay, this is probably a stupid question, but what happens if more futures are sold than are harvested?

Or are there checks to insure that that doesn't happen?


He who sells what isn't his'n,
buys it back or goes to prison.

In principal, the guy that sells has to deliver, or buy back the obligation to deliver.
The price is set by supply and demand.  If it really gets just too onerous for the
well-connected seller, then I'm sure the specific market (as opposed to the cloud-y "the Market")
will force some accommodation from the otherwise lucky buyer.
 
2013-12-26 07:53:32 PM

RobDownSouth: Came into these comments for the "sell, Mortimer, sell!"....delighted to see it in the very boobies comment!


Are you trying to say this thread need more of Jamie Lee Curtis' boobies?


www.filmrecensiepagina.nl

 
2013-12-26 08:31:02 PM
A low crop means higher orange prices.  If you had a successful crop, then you're on easy street this year.
 
2013-12-26 11:09:42 PM

Incontinent_dog_and_monkey_rodeo: Umm...doesn't this mean that the price is going UP?  So if you had invested, you'd make out like a bandit.


Beat me to it.
 
2013-12-26 11:29:31 PM
You guys go ahead and dont invest in it.

I buy a 5 lb bag each week when I go to the farmers market, and they're always gone before the week's end.   They're the sweetest things I've ate all year.  And now my Dad's trees are blooming.
 
2013-12-27 01:05:57 AM

inclemency: FormlessOne: inclemency: FormlessOne: Oh, boy - more Trop50 hitting the market! WHOOOOO!

// "We'll just cut it half & half with water, and sell it as a diet beverage - those idiots will chug the stuff!"

While I am unaware of this 'Trop50', I generally cut it half and half with water myself. Too sweet.

Well, you'll be glad to know you can buy it, pre-mixed, for about double the cost of orange juice - and it's naturally sweetened with stevia, too!

Ingredients for Trop50 No Pulp: FILTERED WATER, NOT FROM CONCENTRATE PASTEURIZED ORANGE JUICE, MALIC ACID, CITRIC ACID, NATURAL FLAVORS AND REB A.

Yep. Less than half juice, but with additional flavoring & sweeteners, because Reb A is cheap, but OJ is expensive...

Your sarcasm is justified. This news does not gladden me.


As you can tell by my bitter recital, I, too, am sorely vexed by this shiat.
 
2013-12-27 01:25:33 AM
Turn those machines back on! TURN THOSE MACHINES BACK ON!!!
 
2013-12-27 01:53:51 AM

Nemo's Brother: I'm glad I spent all of my money on pork bellies then.


Good thing I put all of my money into Dogecoin!
 
2013-12-27 03:27:57 AM

wildcardjack: Probably because more of us are realizing that it's just liquid candy. Heck, oranges are hardly more than candy plus fiber. Unless you have problems you should be eating your fruit and veggies, the fiber is important.


When I first found out I was diabetic (Type-2) I went to a seminar/class and they told us that OJ spikes blood sugar about as fast as the specialized glucose tablets for hypoglycemia. The difference being that OJ tastes better, but you have to be conscious to swallow it (tabs dissolve).
 
2013-12-27 09:11:19 AM
Banana who?
 
2013-12-27 10:24:42 AM

gfid: Okay, this is probably a stupid question, but what happens if more futures are sold than are harvested?

Or are there checks to insure that that doesn't happen?


I think in 2006 congress passed a law based on Trading Places that forbids that sort of scam.
 
2013-12-27 11:22:12 AM

Fano: gfid: Okay, this is probably a stupid question, but what happens if more futures are sold than are harvested?

Or are there checks to insure that that doesn't happen?

I think in 2006 congress passed a law based on Trading Places that forbids that sort of scam.


Yes, they even referred to that as "The Eddie Murphy Rule".
 
2013-12-27 01:25:16 PM

DrGunsforHands: Good thing I put all of my money into Dogecoin!


Hopefully you didn't keep your coins at DogeWallet.

http://www.buzzfeed.com/jwherrman/millions-of-dogecoins-stolen-in-ap pa rent-heist
 
2013-12-27 02:24:00 PM

Gig103: wildcardjack: Probably because more of us are realizing that it's just liquid candy. Heck, oranges are hardly more than candy plus fiber. Unless you have problems you should be eating your fruit and veggies, the fiber is important.

When I first found out I was diabetic (Type-2) I went to a seminar/class and they told us that OJ spikes blood sugar about as fast as the specialized glucose tablets for hypoglycemia. The difference being that OJ tastes better, but you have to be conscious to swallow it (tabs dissolve).


The doctors told my dad that his daily orange juice habit is what triggered his insulin resistance and diabetes. I drink maybe two or three glasses of OJ a year, usually at IHOP or in a similar situation. It's not something I buy at the grocery store.
 
2013-12-27 04:17:50 PM

Fano: gfid: Okay, this is probably a stupid question, but what happens if more futures are sold than are harvested?

Or are there checks to insure that that doesn't happen?

I think in 2006 congress passed a law based on Trading Places that forbids that sort of scam.


I wasn't even thinking of it as a scam.

I mean if there were 100 acres of crop and usually you could expect 10 bushels an acre it would seem reasonable to sell 1000 bushels of futures (or close to it at least), but if some pest or weather intervened and only 1 bushel per an acre were produced what then?

It's not a scam, it's bad luck.  I think what the other person said upthread makes sense.  If you paid $100 a bushel and it couldn't be delivered because it just didn't exist you have to pay it back.

/not a commodities trader (obviously)
//they're futures - nobody can predict the future with 100% certainty
 
2013-12-27 04:21:17 PM

gfid: If you were paid $100 a bushel and youit couldn't be delivered because it just didn't exist you have to pay it back.


might make more sense if I phrased it that way
 
2013-12-28 12:37:17 AM

Nemo's Brother: I'm glad I spent all of my money on pork bellies then.


I hear tulip bulbs are where it's at.
 
2013-12-28 04:32:41 AM

macdaddy357: Stop being organic hippie treehuggers and use some pesticides.


What the hell is it with Republicans that they think everything needs to be poisoned? Even when the poisons aren't working? As stated in the article?

Are you one of those idiots who leaves their car running all night just to piss off hippies?
 
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