Brazil has a balancing effect on prices; we don't have the volatility we used to. In the past, it was all about the Florida crop. With a freeze like this, we could have prices go from 95 cents to $2. That's not the situation now. |
If Brazil has a small crop, we could continue to have higher prices for a couple of years. |
When you get a sensitive situation like this, you develop a 'weather market,' and prices can move dramatically over the possibilities. As you get closer to the event, reality comes back and uncertainty goes away. |