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

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 moved about 2% higher last week. Crude, diesel, and soybean oil were all higher. The short speculator position is still present, but funds were the big buyers last week. Palm oil was flat

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

Alerts & What’s Trending   Produce Adverse weather conditions in different growing areas such as Florida, Mexico, and California have significantly impacted various commodities, resulting in lower yields and ultimately driving up market prices. Additionally, some markets saw a slight increase due to the increased demand from Mother’s Day.   Grains Selling of soybean oil futures, good South American harvest, shrinking biofuel demand, good soybean oil stocks, and good U.S. planting progress all helped push soybean oil lower last week which dragged palm oil down and Canola, too.   Dairy Shell egg markets are all down and demand has softened. The Block & Barrel are increasing and steady. Milk availability has tightened. Butter is up. Domestic butter demand is steady from retail and food service sectors. However, for unsalted butter loads, demand is stronger. Cream volumes are comfortable across the nation.   Beef Continued over production by packers has stifled

Alerts & What’s Trending   Produce Unfavorable weather conditions across various growing regions, including Florida, Mexico, and California. These adverse conditions have significantly impacted several commodities, leading to reduced yields and subsequently causing an increase in market prices. All wet veg items will be shipped from the Salinas Valley as supplies are increasing for most commodities and the quality continues to improve. However, romaine and iceberg supplies remain slightly below budget due to cooler temperatures and quality issues such as anthracnose and mildew. Additionally, we are seeing lighter weights and head sizes.   Grains Soybean oil had a minor increase last week. The harvest in South America is almost over, but there are reports that Argentinean strikes are delaying exports. The US’s wet weather has hindered planting, but it’s not a serious problem. Soybean oil prices are down. Concerns about output are tight for Palm. Soybean oil is leading the

Alerts & What’s Trending   Produce All wet veg items will be shipping from the Salinas Valley as supplies increase and quality improves. As mentioned previously, due to the abundant rainfall in California, farmers are witnessing a rise in anthracnose, a fungal infection that has resulted in reduced yields of iceberg and romaine lettuce. As a precautionary measure, harvesting teams are trimming the products to alleviate these concerns, resulting in lighter case weights than usual. Overall most commodities are seeing a decline in markets. However, the romaine and iceberg markets remain higher due to quality issues. The avocado inventory in the US is significant, and Cinco pulls are commencing. Due to recent market volatility, strong Cinco promotions are not as guaranteed as during the Super Bowl.   Grains Due to favorable planting conditions in the US, strong harvest reports from South America, and rising soybean oil supplies, soybean oil futures

Alerts & What’s Trending   Produce Adverse weather conditions, drought, and prolonged El Nino/La Nina effects continue to persist, resulting in decreased production and higher market prices for different commodities. The escalated market prices are expected to endure for the upcoming weeks. The transition from Yuma, AZ, to Salinas Valley, CA, is complete, and all wet veg items will be shipped from Salinas Valley. The overall quality has continued to improve.   Grains Because of favorable planting conditions in the United States, a high harvest in South America, and a decrease in overall demand, soybean oil was less. The weekly average of palm oil increased, but it dropped sharply on Friday due to the soybean oil trend. Canola also had a turbulent week due to a decline in soybean oil.   Dairy The markets for shell eggs are all flat, and demand is declining. Except for X-Large and Large, the

Alerts & What’s Trending   Produce Unfavorable weather conditions, drought, and prolonged El Nino/La Nina effects persist, leading to reduced production and increased market prices for various commodities. The elevated market prices are anticipated to persist for the next several weeks. The transition from Yuma to Salinas in California and Arizona is nearly finalized, with Yuma operations wrapping up by the conclusion of the upcoming week. Beginning the week of 4/22, all wet veg products will be shipped from the Salinas Valley, while a small number of shippers will continue to operate from Huron for the subsequent two weeks. Supply and quality are on the rise, resulting in stable to slightly lower prices for lettuce and romaine in the markets. However, we anticipate pricing to remain elevated throughout the transition period.   Grains Increases in energy, rival vegetable oil kinds, and stocks all contributed to the previous week’s increased soybean

Alerts & What’s Trending   Produce As a result of adverse weather conditions, the transition of seasonal commodities, and the recent Easter holiday observance, there has been a decrease in production across different commodities. Consequently, there has been an increase in the overall market prices of specific commodities. The transition from Yuma to Huron/Salinas for carton commodities is ongoing in California and Arizona. Processed items are scheduled to begin in Salinas either on the 15th or the 21st, depending on the shipper.   Grains In its planting intentions report, the USDA declared a decrease in corn acres and an increase in bean acres. The market rebounded for both beans and corn. Trade in soybean oil was erratic, but overall the week witnessed little change in canola. Palm is still on the rise.   Dairy The markets for shell eggs are all flat, and demand is declining. Northwest and California markets

Alerts & What’s Trending   Produce We continue to experience shortfalls on several winter veg items out of Mexico and Florida due to the impacts of El Niño with the shortest item being color pepper. Pro-rates and further price escalations may happen on these items this week as supply gets critically low. The hot pepper market is shorter this week with low volume and moderate demand continuing to put upward pressure on pricing. We will see a dip in production on the entire tomato category as transition from winter to spring crops get underway. Improvement on supply not expected for 2-3 weeks and concerns over the water restrictions are making shortages a possibility. Overall, the current supply remains at record lows until we see some consistency in weather, this will only continue to hamper a recovery.   Grains Last week, soybean oil saw another increase as fund traders resumed purchasing