Alerts & What’s Trending   Produce Tropical storm Francine, unfavorable weather patterns in the U.S., Mexico, and Guatemala, and insect pressure in California are affecting multiple commodities. These issues have led to continued higher market prices and lower overall yields. The weather in the Salinas Valley is gradually becoming cooler. Recent warm rains have created conditions conducive to mildew, prompting growers to implement all possible mitigation strategies.   Grain Soybean oil futures moved lower approximately 2% last week as stocks are improving. Helping push soybean oil down is the heavy crushing currently taking place for meal. However, very dry weather in Ohio and drought in South America has traders concerned, which is supporting soybean oil. Canola is expected to move lower.   Dairy Shell egg markets are down this week. California and Northwest markets are down. The Block & Barrel are increasing. CME spot cheese prices rallied up to new

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