The key January FCOJ contract fell 1.95 cents to close at $1.7435 per lb, ranging from $1.7395 to $1.7745. Total volume traded Wednesday was around 2,500 lots, almost three-quarters above the 30-day average, preliminary Thomson Reuters data showed. Financial markets such as stocks fell Wednesday after hopes deflated that European leaders will be able to come up with measures to solve the region's debt crisis. "The market was pressured a little bit by outside markets and some of the profit-taking yesterday spilled over into today," a dealer said. The January contract is in a band running from $1.70 to $1.85, supported mainly by worries a hard freeze could hit Florida's $9.1 billion citrus industry. Forecaster Telvent DTN said Florida should remain dry through Sunday. "Widespread irrigation is in use to maintain conditions of trees and new fruit," it said. Citrus production was damaged significantly when freezing weather hit Florida in 2010 and 2011. Analysts said that if a freeze does not hit by the end of next month, the juice market will likely see liquidation pressure from the harvest in Florida. Open interest came to 29,261 lots as of Tuesday, the highest level since August 9, ICE Futures US data said. Volume traded Tuesday was at 2,457 lots, from the previous session's tally of 2,183 lots, exchange figures showed.