Weak orange crop forecast juices OJ prices

The squeeze is on for Florida oranges – literally. With a bacterial disease making its way through the state's crop, prices are soaring.

According to the Wall Street Journal, orange-juice futures have jumped more than 7 percent since Friday, when the U.S. Department of Agriculture projected Florida growers would produce fewer oranges this season than at any point since 1990.

Orange juice demand is at a record low, with retail sales the lowest in 15 years. The WSJ reports growers in the top U.S. citrus-producing state are expected to produce 125 million 90-pound boxes — the unit by which orange crops are measured — in the season ending next September.

Read more from the Wall Street Journal.