Alerts & What’s Trending   Produce Adverse weather conditions and seasonal changes in growing regions in Mexico, Guatemala, and the U.S. are still impacting multiple commodities. As a result, we anticipate prolonged periods of increased market prices and possible supply shortages.   Grain Soybean oil was lower last week as funds are selling contracts. The US crop looks excellent, the weather is favorable, technical data favors a downturn, and the EPA announced new rules that could lessen the demand for biodiesel. Canola is higher with some growing areas dry with crop damage. Palm is higher with increased demand.   Dairy Shell egg markets are up this week. California and Northwest markets are up. The Block & Barrel are increasing. Butter is down.   Beef With limited harvest, thin meats increased in price; continued demand for chucks and rounds are still bolstering those cuts, as need for lean trimmings continue to

Alerts & What’s Trending   Produce Adverse weather patterns and seasonal decreases in Mexico, Guatemala, and the U.S. continue to affect these growing regions. Consequently, extended periods of higher market prices and potential shortages in supply are expected. Growers are persisting through the heat by adjusting their harvesting schedules to earlier in the day to ensure a steady supply. The inland valley is facing weather-related challenges due to the high temperatures.   Grain Soybean oil moved down last week, albeit, very little, with increased supply reported and very good crop conditions being reported. Canola moved higher last week as European rapeseed is struggling with drought and Canadian oil is more in demand. Palm exports have increased, but so has palm production.   Dairy Shell egg markets are up this week. California and Northwest markets are up. Farm in Colorado was identified as HPAI positive over the weekend with an expected

Alerts & What’s Trending   Produce Adverse weather conditions, transitions, and seasonal declines in Mexico, Guatemala, and the U.S. are still impacting various agricultural regions and products. As a result, prolonged periods of elevated market prices and potential supply shortages are anticipated. The weather in the Salinas Valley has returned to normal temperatures, but the inland valleys are still experiencing very hot conditions. Growers have successfully managed the heat by harvesting earlier in the day to maintain supplies, but some challenges may still be ahead.   Grain After the last week’s market move, soybean oil futures moved lower overall, though the week was volatile. The USDA released a report highlighting higher stocks for beans & oil sending the market lower. Canola also received good crop outlook news, so it fell. Palm followed soy lower.   Dairy Shell egg markets are up this week. California and Northwest markets are up. Farm

Alerts & What’s Trending   Produce Unfavorable weather patterns and seasonal decreases in Mexico, Guatemala, and the U.S. continue to affect different growing areas and commodities. Consequently, these issues are expected to result in prolonged periods of higher market prices and possible supply shortages. For the Salinas Valley, weather challenges will continue through July as temperatures have been very hot. While the early harvesting had caused some issues with supplies, the heat wave may now also be a factor in causing more supply issues. While we have been seeing good quality on most items and supply was improving, the heat wave will likely be impacting that progress.   Grain The soybean oil market was on fire last week. Due to the recent market lows, biofuel manufacturers entered back into the market and pushed the market nearly 16% higher. It took Canola oil and palm oil higher, too.   Dairy Shell

Alerts & What’s Trending   Produce Adverse weather conditions and seasonal decline in Mexico, Guatemala, and the U.S. are still impacting various growing regions and commodities. As a result, it is anticipated that these challenges will lead to extended periods of elevated market prices and potential shortages in supply. The Salinas Valley, as well as most of California, is heading for a heat wave, and while the early harvesting has caused some issues with supply, the heat wave may also be a factor in future supply issues. Despite this, the quality of most items has improved, and the supply situation is better. However, we need to closely monitor all commodities as temperatures are expected to exceed 100 degrees in certain areas.   Grain While soybean oil moved lower last week, the sideways trading trend continues. The USDA released its acreage report and corn won some acres over soybeans. Soybeans are

Alerts & What’s Trending   Produce The seasonal decline, adverse weather conditions, and the ongoing lack of USDA inspectors have continued to affect multiple growing areas and commodities. Consequently, these difficulties are expected to result in prolonged higher market prices and potential supply shortages. The Salinas Valley is experiencing a continuation of warmer weather. Although early harvesting led to some supply issues, there has been gradual improvement. Most items are showing good quality, and there has been an improvement in the supply of liner and romaine. Prices are still high, but there is hope for relief in the near future.   Grain The soybean oil market continues trading flat. Next week we expect the USDA acreage report. There are some concerns for upper Midwest growing regions as they are very wet. Canada, too, has some very wet weather causing some concerns, which have not yet made its way into pricing

Alerts & What’s Trending   Produce The volatile markets across various commodities have been attributed to weather-related problems such as excessive heat and rainfall and a shortage of USDA inspectors, specifically affecting the avocado industry. As a result, it is anticipated that these challenges will lead to higher market prices and potential gaps in supply. The temperature in the Salinas Valley is rising, and the early harvest is still causing supply problems, but there has been a gradual improvement. Although the warmer weather is beneficial, it will take time to recover fully. Consequently, we can expect volatile markets for most commodities.   Grain Soybean oil traded within a very tight range and was flat for the week. Palm oil supply and demand is balanced, and Canola followed palm and soy. From actual activity, the markets were very busy. Planting for soybean and Canola is really moving nicely with good weather.

Alerts & What’s Trending   Produce Weather conditions are once again causing disruptions on both the east and west coasts, leading to a slowdown in the progress we had observed in recent weeks. As a result, markets are experiencing an increase in prices due to lower yields. The Salinas Valley’s weather conditions are still hindering acreage productivity. To keep up with demand, the industry is harvesting early, leading to a limited supply of crops. Below-average ground temperatures stunt crop growth, resulting in high commodity market prices. Regrettably, this unfavorable weather pattern is forecasted to persist into June.   Grain The whole soybean complex was lower. The lower markets are pointing to lower soybean oil in the future. Crush margins are falling again for crushers, which, if sustained, could lead to higher basis levels. Planting is doing very well. It is wet in some areas, but overall planting for beans is

Alerts & What’s Trending   Produce Weather conditions in the eastern region have started to show signs of improvement, while the delayed rainy season in Mexico and ongoing drought conditions may lead to unpredictable crop cycles through the 2024-25 season. Nevertheless, we are still witnessing the persistent consequences that have affected different commodities, leading to reduced yields and consequently causing an increase in market prices. Production in South Georgia is increasing for various items, although squash will remain scarce due to weather-related challenges. Over the next ten days, we anticipate tight markets in the region and the West Coast on chile peppers, including tomatillos, shishitos, and serranos, will continue to be in short supply and volatile for the next few weeks.   Grains Soybean oil futures moved higher last week. With good planting progress, good weather, ample South American supply, and large fund selling, the move seemed more like keeping

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