Orange juice futures surged Tuesday amid fears the U.S. government could ban Brazilian oranges after low levels of fungicide were detected by a juice company.
March orange juice futures jumped 9.6%, or 20 cents, to $2.0775 a pound on the ICE Futures Exchange, which traders said was the highest level since 1977.
"My guess is that they will ban Brazilian oranges," said Tod McElhaney, president of LaSalle Futures Group. "If that happens, you would certainly see a lessening of supplies that could push prices higher."
The FDA said it learned late last month that an unspecified juice company had found low levels of fungicide in its own products, as well as orange juice and concentrate made by competitors, according to a letter dated Jan. 9.
Read the rest of "Orange juice futures spike on fungicide fears" on CNNMoney.
Georgiann Caruso is a CNN Medical Associate Producer
After a long, stress-filled day, you may just crave some comfort - and comfort foods like mac 'n' cheese or spaghetti and meatballs.
"Comfort foods are more about the heart than they are hunger," says Marisa Moore, registered dietitian and spokesperson for the Academy of Nutrition of Dietetics. "They serve to sort of bring up those happy memories from childhood or a time that you've spent with a loved one and they bring you psychological comfort."
Sating these cravings doesn't have to mean you’ve got to eat dishes that are high in fat, sodium or calories. Moore says you can still enjoy your favorite comfort foods while keeping them healthy and delicious.
Phones do everything in South Korea.
On a recent reporting trip to the country, I made a point of asking people about interesting ways they use their smartphones.
Some answers weren't too shocking. Lots of people know Koreans use their phones to make purchases (that's a new-ish idea here in the U.S., and one that Google is pushing) and in place of public-transit tickets.
Cab drivers in Seoul give you weird looks if you try to pay with a credit card instead of with a tap of your phone.
But one answer surprised me:
People now use their phones to buy groceries in the subway.
Read "In Seoul, a virtual grocery store in the subway" on CNN's What's Next blog.
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Rest easy, Twinkie lovers: Hostess Brands, the storied American manufacturer of snack cakes, filed for Chapter 11 bankruptcy Wednesday, but said it will continue to churn out Ho Hos, Ding Dongs and other iconic products.
"Throughout the proceeding, we're going to operate business as normal," said Hostess spokesman Erik Halvorson. "They'll keep making Twinkies."
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