Commodities Report
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 futures were turbulent last week, but they finished slightly over 1% higher. Pressure from palm oil helped bring the market higher, while potential taxes on used cooking oil could increase demand for soybean
