Summary Box: OJ futures fall pending test results

AP News
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Posted: Jan 11, 2012 4:14 PM
Summary Box: OJ futures fall pending test results

JUICE U-TURN: Orange juice futures fell 9.5 percent as investors sold contracts while they wait for more details about government testing for a fungicide that has been found in low levels in orange juice.

ECONOMIC BALANCE: Commodities were mixed as investors weighed signs of an improving U.S. economy against concerns about the threat of a recession in Europe. Gold and other metals rose while grains and beans fell.

ENERGY SAPPED: Oil prices dropped after the government said gasoline demand fell by 4.8 percent last week from a year ago and demand for all petroleum products dropped by 6.5 percent.