![](http://florent.mcisaac.fr/wp-content/uploads/2012/10/OJ-570x350.png)
Abstract: We explore the returns of the frozen concentrated orange juice (FCOJ) future prices and the dependency with the temperature variation in the city where the exchanged is based (New York) . Intuitively, one could consider that when temperatures are higher (resp. lower) than the average seasonal temperature, the consumption […]