Alerts & What’s Trending   Produce Tropical storm Francine and adverse weather conditions in the U.S., Mexico, and Guatemala are impacting various commodities. This situation is expected to result in prolonged elevated market prices and possible supply shortages. The temperatures in the Salinas Valley are beginning to drop.   Grain Soybean oil futures finished the week slightly down vs. the previous week. The weaker energy markets and some technical data appear to be the driving reasons for the decline. Stats Canada released its data for Canola, and the expected yield has increased for seed. Palm oil moved lower last week after several weeks of higher moves.   Dairy Shell egg markets are down this week. California and Northwest markets are down. The Block & Barrel are increasing. U.S. cheese exports in July were up 10.1% YoY. Butter is down, after hitting new record highs in the middle of last week,

Alerts & What’s Trending   Produce Unfavorable weather patterns across the U.S., Mexico, and Guatemala are affecting multiple commodities, leading to anticipated sustained high market prices and potential supply shortages. The Salinas Valley is experiencing warmer weather than typical for this time of year.   Grain Soybean oil futures moved higher last week. The move looked to be technical in nature, and we saw traders rolling their September futures to October futures. The Canadian rail strike seems to be at an end and weather is good on the Canadian prairies for the Canola crop. Palm oil moved higher with lower palm production.   Dairy Shell egg markets are down this week except for Mediums are up. The Block is increasing & Barrel are decreasing. With U.S. cheese stocks down significantly YoY and cheese prices in Europe spiking, the risk is to the upside for CME cheese. Butter is up with

Alerts & What’s Trending   Produce Tropical Storm Debby and adverse weather conditions in Mexico and Guatemala are affecting multiple commodities, leading to anticipated extended high market prices and potential supply shortages. The weather conditions in Salinas are favorable, and although a few commodities are experiencing challenges, we are observing consistent supplies and quality.   Grain Soybean oil futures continued lower last week. US beans and South American beans are parity for pricing, so they are very competitive. Despite the much lower price, soybean oil stocks are tight as biodiesel producers are buying it up. Canada is about to have a rail strike causing problems for Canola. Palm oil has remained flat.   Dairy Shell egg markets are up this week. California and Northwest markets are up. The Block & Barrel are increasing. Butter is up.   Beef The market continues to be uneventful. Middle meat inventories continue to be

Alerts & What’s Trending   Produce Tropical Storm Debby and unfavorable weather conditions in Mexico and Guatemala are impacting various commodities, resulting in expected prolonged high market prices and possible supply shortages. The temperatures in Salinas are finally beginning to drop, which is aiding in the moderation of growth rates. The growers have managed the heat effectively, and we have navigated the heat wave with minimal significant problems.   Grain The soybean oil market finished higher last Friday, but the weekly average was down about 2%. The soybean market fell as the upcoming WASDE report is expected to report thirty-five million more bushels. Canola moved higher, likely due to the possible Canadian rail strike. Palm was flat for the week.   Dairy Shell egg markets are up this week. California and Northwest markets are up except Mediums are down. The Block is increasing & Barrel decreasing. Butter is flat.  

Alerts & What’s Trending   Produce Tropical Storm Debby and adverse weather conditions in Mexico and Guatemala continue to affect several commodities, leading to anticipated extended periods of elevated market prices and potential supply shortages.   Grain The soybean oil market continued to move downward last week with pressure from fund selling, lower crude oil, much lower equities, and a good soybean crop outlook. Canola moved lower with pressure from the soybean oil market. Palm oil was flat even with the much lower soy and Canola. Palm’s balance sheet is looking good.   Dairy Shell egg markets are up this week. California and Northwest markets are up. On Saturday, July 27th Hickman’s Family Farms production facility in Tonopah, Arizona had one of their production barns destroyed and two others damaged by fire. The Block is decreasing & Barrel are increasing. Butter is up.   Beef The beef market continues weighed

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