Alerts & What’s Trending   Produce Lettuce prices continued climbing, with iceberg nearing historically rare levels above $50/carton. Tomato markets softened slightly for the first time since mid-December, though freeze damage in the Eastern U.S. continues to support elevated pricing. Supply constraints remain the primary driver across both categories. Outlook: Tomato markets may stay elevated for another two to three weeks before easing toward late March. Iceberg pricing is unlikely to sustain extreme levels for long, as demand typically adjusts when prices spike.   Grains Soybeans continued to rally, lifting much of the grain complex, supported by reports of a potential U.S.–China trade truce extension. However, weaker export sales and strong Brazilian supply are creating skepticism. May soybean futures remain above $11. Outlook: While short-term support remains in place, global supply pressure could limit further upside. Farmer selling may trigger another pullback, though a significant drop below $11 appears unlikely

Alerts & What’s Trending   Produce Produce markets continued to tighten, led by lettuce and tomatoes. Iceberg lettuce prices surged into the $40–$50 per carton range as harvest, yield, and shelf-life challenges persisted. Tomato pricing remained elevated due to ongoing cold-weather impacts, though improvement is expected as temperatures warm mid-February. Avocados bucked expectations, with 48-count Hass prices falling 9.2% week over week, despite seasonal trends pointing higher. Outlook: Lettuce pricing is expected to remain elevated and volatile in the short term. Tomato prices should begin easing as growing conditions improve, while avocados may remain flatter than usual into the first half of the year barring supply disruptions.   Grains Grain markets posted a positive week, led by the soybean complex. Optimism increased following trade announcements, including potential Chinese purchases of up to 8 million metric tons of U.S. soybeans, in addition to 12 million metric tons agreed to previously. Soybean