
Commodities Report 96
Alerts & What’s Trending Produce Tomatoes remain elevated around $40/carton with weak demand at that level. Lettuce rebounded off its price floor, and onions are seeing upward movement, especially reds. Outlook: Expect continued volatility. Tomatoes should ease once supply improves, while lettuce likely stays rangebound. Onion pricing may hold in the near term, but not all varieties have staying power. Grains Wheat markets surged due to worsening drought conditions in key growing regions, with no meaningful rain in the forecast. Outlook: There’s still room for upward movement in wheat. If drought conditions persist, expect continued pressure on grain-related costs, especially baked goods and feed-driven proteins. Dairy Cheese prices held steady, butter declined, and nonfat dry milk continues its aggressive rally. Milk supply is building seasonally, supporting production. Outlook: Cheese should remain relatively stable, but rising nonfat dry milk could quietly support pricing. Watch export activity, as global


