What Are Frozen Concentrated Orange Juice Futures?
Frozen Concentrated Orange Juice (FCOJ) futures – like futures for other commodities – are agreements, or contracts, to either sell and deliver or buy and receive FCOJ at a future date for an agreed price. The FCOJ futures market gives the FCOJ industry a way to manage the risks associated with fluctuating price movements. The FCOJ futures market is a contract market regulated by the Commodity Futures Trading Commission, an agency of the federal government. FCOJ futures contracts, as well as options on FCOJ futures, are traded under the auspices of the Citrus Associates of the New York Board of Trades. Like other exchanges, the Citrus Associates is a not-for-profit organization and does not itself trade FCOJ futures. The Exchange’s primary purpose is to provide the facilities for trading, to regulate trading and to publish the prices at which futures contracts are traded. The Exchange also serves as a self-regulatory body to assure that members’ trading activities are performed in acco
