The Florida cold
I'm sorry but if I see the slightest hint of a run on grapefruit, I'm going to run to the store and carry what I can. So far so good, though.
WSJ says orange futures were down 12% this morning (after having risen last week), reflecting an apparent assessment that the damage wasn't too terrible.
Bloomberg says this morning's freeze, the coldest yet, may have damaged 5 percent of the orange crop. But they quote someone in the industry saying "Growers won’t know how much damage has been done until a week or two later..."