
Commodities Report 75
Alerts & What’s Trending Produce Lettuce markets exploded higher, with 24-count iceberg jumping 77% week-over-week—the strongest rally since last fall. Persistent disease pressures and seasonal shifts have reignited the West Coast lettuce surge. Outlook: Expect prices to keep climbing for the next 3–4 weeks, likely setting new year-to-date highs near the $40 mark before stabilizing in late November. Grains The grains market stayed quiet amid limited government data. Soybeans saw a brief lift on trade optimism but settled lower as attention shifted to the upcoming U.S.–China meeting. Outlook: Without fresh export momentum, November soybeans could slip back below $10. Overall, grain markets may remain range-bound until clearer trade and harvest data emerges. Dairy Dairy prices softened across the board. Butter dropped $0.15 to $1.60/lb as churns prioritized retail packaging for the holidays, while cheese blocks fell slightly to $1.76/lb. Milk production improved, and export demand remains strong.







