Orange Juice Futures
Orange juice futures describes OJ (FCOJ-A) contract mechanics, not a forecast or a recommendation.
Educational only, not a recommendation to buy or sell any contract or a solicitation to open an account. Futures and options trading involves substantial risk of loss. You can lose more than your initial deposit.
Contract specifications
| Specification | OJ (FCOJ-A) |
|---|---|
| Exchange | ICE Futures U.S. |
| Symbol | OJ (FCOJ-A) |
| Contract size | 15,000 pounds of orange juice solids |
| Tick size / value | 5/100 of a cent/pound = $7.50 |
| Trading hours | Not stated in the supplied ICE PDF; confirm on the ICE product page / ICE hours schedule. |
| Listed months | January, March, May, July, September, November; confirm listings. |
| Settlement | Physical delivery: USDA Grade A, Brix at least 62.5; warehouses in Florida, New Jersey, Delaware; origins U.S., Brazil, Costa Rica, Mexico. |
Last verified November 10, 2026.
This is the supplied source-note date, not confirmation of every live field. Dated sources and fields requiring exchange confirmation are identified below.
The supplied ICE specification PDF is stamped November 10, 2026; it does not supply trading hours.
Micro, mini, and related smaller contracts
No smaller listing is verified here; check ICE.
Worked tick and 1% example
Hypothetical arithmetic illustration only — not a current price, projection, trading result, or recommendation.
One outright tick changes one OJ (FCOJ-A) contract by $7.5. Four ticks change it by 4 × $7.5 = $30, in either direction, before costs.
Assume a made-up quotation of 2 U.S. dollars per pound of solids. A 1% price change is 0.02 in those quote units. Multiplying by 15,000 gives $300 for one contract. The same move against a position produces a loss of that amount before costs.
Commissions, fees, bid-ask spreads, and slippage are excluded. Leverage can lead to losses larger than your deposit; a 1% price move is not a 1% account-equity move.
Margin and leverage
Margin is a performance bond, not the purchase price or a limit on loss. Exchange requirements and carrying-firm requirements can change; the firm may require more and may liquidate positions when requirements are not met. No margin dollar amounts are quoted here.
Official exchange product and margin information · Margin and Leverage in Futures
What moves the market
Crop disease, frost, hurricanes, production, inventories, and juice demand can move prices.
Reading the Economic Calendar explains scheduled-release timing. Unscheduled news can also move prices; stops do not guarantee an exit price.
Rollover and expiration
First notice day is the first business day of the contract month. Last trading day is the 14th business day prior to the last business day of that month. Confirm actual ICE dates.
A roll closes one contract month and opens another; spreads, costs, and execution risk remain. Firm deadlines may be earlier than exchange deadlines. See Contract Rollover, First Notice Day, and Last Trading Day.
Frequently asked questions
What is the contract size and tick value?
OJ (FCOJ-A): 15,000 pounds of orange juice solids; 5/100 of a cent/pound = $7.50.
Is there a smaller related contract?
No smaller listing is verified here; check ICE.
How does settlement and expiration work?
Physical delivery: USDA Grade A, Brix at least 62.5; warehouses in Florida, New Jersey, Delaware; origins U.S., Brazil, Costa Rica, Mexico. First notice day is the first business day of the contract month. Last trading day is the 14th business day prior to the last business day of that month. Confirm actual ICE dates.
Does a smaller contract or a stop remove risk?
No. Futures remain leveraged; you can lose more than your initial deposit. Smaller contracts change dollar exposure, not market direction. Stops do not guarantee a fill at the stop price.
Talk it through, if that would help
Ask about contract mechanics or practicing with simulated funds. There is no obligation to open an account.
Demo accounts use simulated funds. Demo results do not reflect real trading and are not indicative of future results. Features, terms, and availability can change.
Drew Rathgeber, President
949-996-4611 · drathgeber@profuturestrader.com