OJ futures fall as fears ease over crop damage

NEW YORK (AP) — Orange juice futures fell Wednesday as fears of crop damage eased after freezing weather hit Florida this week.

March contracts for frozen orange juice concentrate sank 4.05 cents to settle at $1.56 a pound. The price has fallen about 3 percent this week but is up 4.6 percent for the month.

There were scattered reports of damage after temperatures dipped below freezing in Florida, but some regions fared better than others, said Andrew Meadows of Florida Citrus Mutual, a growers' cooperative association.

Spencer Patton, founder and chief investment officer for hedge fund Steel Vine Investments LLC, said he expects the market to remain volatile during the …