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I couldn't find anyone trading orange juice futures (OJ) using the forum search. Is anyone actively trading orange juice? It is a quite a fascinating product in its price behavior.
Can you help answer these questions from other members on NexusFi?
Hi Thread. I am actively trading OJ, but cant consider myself as having some edge. Just trying to catch S/R after step fast moves or arbiter when long lasting S/R slow down the market. Low liquidity issue makes options even more challenging to trade, but having few successes with them. How do you analyze current situation? Do you have some source for fundamentals? I was now getting speculative long pure as general OJ stays cheap when inflationary environment moved other commodities at least from bottoms. Also part of OJ from SA harvest should be under similar weather influences as now rallying coffee. Can also be that price can kind of side move longer term as seen in period before that COVID driven rally last spring. I will try to hold my longs, but getting ready to sustain it longer term. As with OJ, the move will come out of nothing and get probably explosive none correction character. So waiting for correction was not good entry strategy for OJ to me.
I trade Orange Juice once in a while with a time horizon of weeks or months.
Basis of my trades are seasonal charts and COT data.
Information about Supply & Demand can be bought from Judy Ganes Consulting. I used her data when it was free. But as I trade softs only rarely, I never bought this newsletter.
Yes, options volume is extremely low. I like selling options, but do not sell options on Orange Juice.
There is some information in the thread " Softs", but it is not very recent.
How do you deal with ICE's ridiculous data costs for OJ and other softs? Just use delayed data? Also, if you use delayed data, can you get a real-time "snapshot" quote when you actually enter a trade?
Since they raised data costs significantly I only use delayed data. For a long term trader, this is not such a problem. I place a stop or a limit order based on the long term chart.
I never came across a real-time "snapshot" quote for these ICE contracts.
