Alerts & What’s Trending   Produce Produce brought some welcome relief last week, especially in lettuce, where iceberg prices dropped sharply after several elevated weeks. Avocado prices also continued to ease, and while both markets may be nearing a floor, current levels are a much better buying environment than earlier in the season. Outlook: Lettuce and avocado pricing should stay more favorable in the near term, with lettuce likely stabilizing soon and avocados facing only modest upside risk into August.   Grains Grain markets were mostly stronger early in the week as hot Corn Belt weather raised production concerns, but cooler forecasts later in the week took some of that urgency out of the market. Wheat ended on a strong note, while corn still appears rangebound unless weather becomes more threatening. Outlook: Grains will remain highly weather-driven, but without a meaningful crop threat, prices may struggle to push much higher

Alerts & What’s Trending   Produce Produce buyers got some welcome relief last week, especially in categories that had been running hot. Iceberg lettuce posted its first weekly decline in five weeks, dropping nearly 28% week over week as supplies improved modestly and elevated prices likely slowed demand. Avocados also moved sharply lower, with 48-count Hass down another 19.7% to a six-week low, while 25 lb. large roma tomatoes fell 16.8% to a new year-to-date low. Even with the pullback, some items may still have upside risk as the summer progresses. Outlook: Produce markets are offering some near-term relief, but operators should stay alert since several categories could stabilize and turn higher again later this season.   Grains Grain markets finished mostly higher last week, with corn and soybeans recovering after early pressure tied to pre-report positioning ahead of the USDA’s June Acreage and Stocks reports. The biggest surprise came