1999 US rice production was the largest on record, surpassing the previous record set in 1994, which is expected to contribute to lower prices this year. The 1999 US soybean production was the third largest on record, which should also help keep soybean oil prices depressed in 2000. Expected unfavorable weather in South America is influencing the soybean oil market slightly higher this week. Wing prices have appeared to settle, which could signal an end to the seasonal January market increases. Typically, the wing market should remain firm over the next few weeks and then decline.
Limes are one of the most weather sensitive citrus.
Because of their thin skin, much thinner than just about any other citrus, the lime is much more susceptible to cold and rain damage. When cold or rain hits the lime growing regions of Mexico, the supplies quickly decrease, along with quality, while prices take a big jump up. That is what we have been facing over the past month or so. When the limes are stressed from weather conditions, shelf life is also affected. Order conservatively right now, and be sure to rotate your product.