Alerts & What’s Trending   Produce Weather patterns in Florida, Mexico, Georgia, and California have significantly impacted various crops, resulting in lower yields and ultimately driving up market prices. In general, supplies from the Salinas Valley continue to be limited. Consequently, we are still witnessing active markets. The Salinas Valley’s weather conditions are still hindering productivity. The industry is harvesting crops early to meet the demand, resulting in limited supply. The below-average ground temperatures impede crop growth, leading to extreme market conditions for most commodities. Unfortunately, this unfavorable weather pattern is expected to persist into June.   Grains Large fund buying, soybean oil stocks drawdown, and wet weather in the US growing region, aided in the futures market for soybean oil moving higher. Canola moved higher with the possibility of a rail strike and wet weather there, too. Palm was slightly lower with good production. Exports, though, are looking to

Alerts & What’s Trending   Produce Adverse weather conditions in Florida, Mexico, and California have had a notable effect on different produce, leading to reduced harvests and ultimately causing an increase in market prices. The recent rainfall during March has impacted the supply levels, leading to high market activity. Despite expanding into new acreage that is not fully operational yet, we anticipate ongoing supply shortages in the weeks ahead. Additionally, the Salinas Valley is still facing below-average temperatures. Reaching into these fields will likely cause supply issues towards the end of the season. We will continue to see some increases in mildew and anthracnose, which will continue to hold back yields and weights.   Grains Soybean oil moved about 2% higher last week. Crude, diesel, and soybean oil were all higher. The short speculator position is still present, but funds were the big buyers last week. Palm oil was flat