Freeze frees f.o.b.s

Wow.

The USDA reported that the f.o.b. for California first grade navel oranges, size 72s, was $32 per carton today, compared with $11-14 per carton last Friday. Shippers first grade size 95s lemons were $36.50-37 per carton, up from $18-25 per carton on Friday.

The freeze in California and the cold that extends into Mexico has had a bullish impact on f.o.b. prices in general today. See the commodity shipping points highlight link to the right.

Sellers of virtually all fruits and veggies believe it is their commodity that stands to benefit from the heavy losses in California. They can't all be right.