Alerts & What’s Trending   Produce Avocado prices surprised to the downside, falling 18 % to a YTD low and dipping below last year for the first time since July 2024. Iceberg lettuce popped 35 % yet sits squarely in its normal seasonal range, while Idaho potato counts have begun their customary pre-harvest climb. Virus chatter in Western lettuce fields bears watching, but nothing has spooked the market yet. Outlook: Avocado pricing should stay soft into August; lettuce likely holds steady until a September lift, and potatoes may grind up toward $15/carton over the next month before new-crop pressure sets in.   Grains & Oilseeds Winter wheat surrendered the prior week’s geopolitically driven gains, and soybean oil followed crude lower despite a bullish long-term biofuel outlook. Traders braced for potentially bearish acreage and stocks data in today’s USDA reports, which could dictate short-term direction. The wheat harvest is still 9

Alerts & What’s Trending   Produce Avocado prices ended their 11-week slide with a minor uptick. Roma tomatoes dropped another 1.5%, though losses have slowed compared to May. Outlook: While avocados are entering their most volatile season, pricing is not expected to spike dramatically. Tomato prices may see short-term corrective strength but are unlikely to trend upward until September.   Grain The grain market paused last week after the EPA’s renewable volume announcement. Wheat led gains amid a delayed U.S. harvest and geopolitical concerns, though Chicago wheat was the primary mover. Outlook: Wheat prices may retreat by early July as harvest delays resolve. Expect short-lived volatility, but no sustained price run-ups unless weather issues persist into mid-summer. Dairy Cheese and butter prices dipped slightly despite steady retail demand. Blocks and barrels both landed at $1.69/lb. Cream availability remains tight in some areas, and butter remains competitively priced for export markets.