Sure, this isn't CWT's land, but the contract grape prices are a shocking indication of what has probably also occurred to vineyard valuations. Wine-makers, on the other hand, might at least be seeing some benefit from the reduced cost.
(The prices make Oyster Bays use of $1469/tonne for grapes look pretty good!)
CWT Price at posting:
26.5¢ Sentiment: Sell Disclosure: Not Held