Frozen Orange Juice quotes › Trading Places. Here's their floor broker, Wilson, set to pull off what he thinks is a foolproof moneymaking trade. Finally, they must also not take the post-report sell orders from the Dukes, to maximally screw them over. Billy Ray Valentine (Eddie Murphy) and Louis Winthorpe III (Dan Aykroyd) — who’s lost his job at the brokerage — catch wind of the scheme, and they deliver to the Dukes a faux report that confirms what they want to hear, that the crop was badly damaged. The floor needs to think they can make even more money on a bullish report by trading with the guys selling at lower prices. The Dukes are ruined. The contract prices physical delivery of U.S. Grade A juice (with grading performed by the U.S. Department of Agriculture), in storage in exchange licensed warehouse in several U.S. delivery points. Earlier in the film,  Mortimer and Randolph Duke, the two corrupt, septuagenarian brothers who run a commodities brokerage house, arrange to get an advanced copy of the USDA’s monthly orange crop report. Trading Places (1983) - Yarn is the best way to find video clips by quote. we distribute high resolution video footage for television, web & corporate purposes. Unlike conventional stock, futures contracts can be sold even when the seller does not yet own any of the commodity. Winthorpe and Billy Ray now wait again for the price to come back down, to max out the spread between what everyone they sold the contracts for initially, and the price at which they can buy the orders back: Finally, they must also not take the post-report sell orders from the Dukes, to maximally screw them over.Â. The crop report comes out, the tables are turned. If it really doesn't then I too want some of that Frozen stuff. Were the price to go up, Winthorpe and Billy Ray would be screwed, as they’d have to buy back the contracts they sold (shorting anything requires a later purchase) at a higher price. But since they know the crop report will show no hard freeze, implying bountiful oranges and lower prices, they stand to make a fortune once the true price is revealed. Can at Amazon.com. Read honest and unbiased product reviews from our users. But we wanted to zero in on what is arguably the most complicated, real-life climax in cinematic history, because a lot of people get confused about what actually happened. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider It does not matter how or where the seller gets the product, as long as, one way or another, he is able to provid… (In fact, the real crop report showed that the freeze wasn’t that bad), Not knowing the real crop data, the Dukes plan is to book as many orders for high bids as possible — “corner the market” (which in real life, thanks to new regulations, is now either illegal or extremely difficult to pull off).Â. The Dukes are ruined. Both types of orange juice may be enhanced with oils extracted from peels, and both are tested for Brix (sweetness) and acidity and then blended to … Sign up for Insider Finance. I can only assume that the Frozen concentrate orange juice tastes different from the Made from Concentrate stuff available in shops. Supplier of Frozen Orange Juice Concentrate, Fruit Juice & Orange Juice Concentrate offered by Enter-trading Gmbh from Wegberg, , Germany. Frozen Concentrate Orange Juice Production Unwholesome fruit is removed during unloading before the oranges are conveyed to storage bins. frozen orange juice, Trading Places quotes. (affiliate link): https://amzn.to/32O3oTc I use mine for Milkshakes, Gravy, and Crock … I bought a few "paper cans" of Minute Maid frozen concentrated orange juice early last year, tossed em in my chest freezer and just unearthed them today. The report the Dukes receive indicates extensive damage to the Florida orange crop, due to a hard freeze. ICE FUTURES U.S. Here’s their floor broker, Wilson, set to pull off what he thinks is a foolproof moneymaking trade. They were buying all the way up, but the prices in the end collapsed. This is a slushy punch that is frozen ahead of time. Prices - ICE frozen concentrate orange juice (FCOJ) futures prices (Barchart.com symbol OJ) moved sideways in Q1-2019 and posted the high for 2019 in March at 131.00 cents per pound. Commodity futures prices / quotes and market snapshots that are updated continuously during trading hours. Historically, Orange Juice reached an all time high of 235 in November of 2016. Find helpful customer reviews and review ratings for Organic Frozen Orange Juice Concentrate, 12 oz. since. Introduction Concentrated orange juice is one of the most important commodities over the world and Brazil is the major producer. Traders don’t pull up with carts full of little metal cans. The harsh winter did NOT hurt the crop. There are plenty of oranges out there. Now 30 years after Trading places, it looks like the hype surrounding Orange Juice is fastly fading, with only 20,000 outstanding contracts. Keeping a can of frozen orange juice concentrate in the freezer means you can make more than just orange juice. Frozen concentrated orange juice trading is actually a thing. In fact, the real crop report showed that the freeze wasn't that bad. Assume it is January and frozen concentrated orange juice is currently trading at 135 cents/pound (the spot price).An orange farmer expects his crop (1 … Find the exact moment in a TV show, movie, or music video you want to share. It confirms what they want to hear, that the crop was badly damaged. Last week, we celebrated the 30th anniversary of Trading Places, ... He’s been instructed to buy Frozen Concentrated Orange Juice futures non-stop until the crop report comes out. We wanted to zero in on what is arguably the most arcane, real-life climax in cinematic history: the Trading Places orange juice futures scam. And Winthopre and Billy Ray are the ones who’ve made out like bandits: (h/t TradingPitBlog, WiseBread StraightDope, and DangerousLogic for guidance). They have expiration dates on the ends of the cans of roughly 15 months ago (Jan 2012) and 12 months ago (Mar 2012). But we wanted to zero in on what is arguably the most complicated, real-life climax in cinematic history.Â. Advanced search. easy choice by picture (timecode) or full clip is possible. ... reconstituted liquid juice and not-from-concentrate (NFC) juice. Eventually, Winthorpe decides the time is right, and calls out that they are selling contracts for ¢142. This would make a great gift for yourself, or your mother, or your wife! The Dukes hope to discover that the crop report will reveal extensive damage to the Florida orange juice crop — due to a hard freeze — and thus they could make a fortune buying a ton of orange juice futures right before that data comes out, on the premise that the freeze would cause a shortage of oranges. Wood and metal bins are commonly used, and are designed with baffles to minimize impact as fruit descends through to the base of the bin. Trading Places (1983) 00:10:26 We're about to make millions of dollars in frozen orange juice. (Yes, you're thinking of the comedy Trading Places.) 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