
Commodities Report 52
Alerts & What’s Trending Produce Iceberg lettuce returned to steady levels near $10/carton following a brief price spike, while large tomatoes jumped another 12%—though that rally is expected to fade soon. Hass avocados dropped 2.2% to an 11-week low despite tight supply of large fruit. Outlook: Produce markets appear stable overall. Tomato prices could ease in the coming weeks, while avocado prices may tick back up by late June. Grain Grain prices fell again, led by Kansas City wheat and corn. Chicago wheat remains just above long-term technical support. Drier forecasts in the U.S. Southern Plains may provide some stabilization, but export demand remains sluggish. Outlook: Without stronger global buying or weather-driven supply issues, grains—especially wheat—are likely to remain under downward pressure. Dairy Butter rose slightly to $2.31/lb, and both cheese blocks and barrels saw 2–3% gains. Retail demand is holding firm, but foodservice demand remains soft.


