(Bloomberg) -- Orange-juice futures in New York headed for the second-straight weekly gain on supply concerns amid speculation an early storm signals an active hurricane season in Florida, and a drought might hurt groves in the state.
Andrea, the first-named storm of this hurricane season, formed three weeks before the June start of the season. While the storm weakened today to a subtropical depression off the Florida coast, it arrived at a time when a drought reduced water levels. Fires are burning in 54 of the state's 67 counties this morning, the Florida Division of Emergency Management said.
Read more at Bloomberg Commodities News
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