
Commodities Report
Alerts & What’s Trending Produce No major volatility last week. Romas were flat after recent gains, iceberg ticked up slightly, and avocados trended downward. Yellow onions may find some lift next month, but movement will likely be modest. Outlook: Produce pricing is expected to stabilize through the summer. Short-term surprises appear unlikely. Grain Grain markets rebounded, led by wheat. Outside financial market concerns and international buying helped fuel the rally. Wheat pricing is now at its highest seasonal level in 12 years. Outlook: Expect ongoing volatility in the grains sector, especially if global weather issues and currency shifts persist. Dairy CME blocks climbed to $1.95/lb and barrels to $1.87/lb. Butter moved up slightly to $2.36/lb. Retail cheese demand is steady, foodservice slightly weaker, but export strength continues. Outlook: With strong milk availability and consistent global demand, dairy prices are likely to trend stable with mild upward pressure.