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- Trading OJ Like they Do in the Movies
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- Sally Herships
A cold snap in Florida means quite a ride for traders of orange juice futures. Sally Herships talked
to a trader to find out if the events were anything like the movie "Trading Places."
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Related Pieces
Piece Description
A cold snap in Florida means quite a ride for traders of orange juice futures. Sally Herships talked
to a trader to find out if the events were anything like the movie "Trading Places."
Broadcast History
Aired on Marketplace Morning Report on 1/13/10
Transcript
SALLY HERSHIPS: For me, the real star of the 1985 movie Trading Places wasn't Dan Aykrody or Eddie Murphy. It was the Department of Agriculture's crop report on orange juice production.
In the movie, the corrupt Duke Brothers bought an early peek at the crop report. It told them whether their trader should buy frozen concentrated orange juice or sell.
TRADING PLACES: We want you to buy as much OJ as you can the instant trading starts. Don't worry if the price starts going up. Just keep buying.
I went downtown to the World Financial Center to meet a real-life orange juice trader. Jonathan Kleisner trades for Rex Capital. He was also an extra in the movie. He says there are a lot of similarities between Trading Places and what happened in the market this week.
JONATHAN KLEISNER: It's actually pretty interesting how close those stories are. The only difference being that one was a crop...
Read the full transcript
