Alerts & What’s Trending   Produce Tomatoes, lettuce, and onions continue to ease from earlier highs, though the pace of decline for tomatoes has slowed. Potatoes and 48-count Hass avocados showed renewed price strength. This uptick in potato prices is occurring earlier than the typical summer rally as old-crop supplies tighten. Avocado prices have jumped as Mexico’s main crop winds down earlier than normal, though other origins may fill some supply gaps. Outlook: Expect further upside for potatoes and avocados into the summer before new-crop supplies arrive (potatoes) or Mexico’s next harvest begins (avocados); tomatoes and lettuce should normalize gradually.   Grains Grains were mostly lower last week. However, soybean oil (SBO) has rallied for five consecutive sessions and cleared the ~$75/cwt resistance level. Further technical upside faces historic highs from 2022 and likely requires crude oil support to extend materially. Soybeans themselves showed little direction. Outlook: SBO could see

Alerts & What’s Trending   Produce Produce markets were quieter last week as tomato, onion, and lettuce prices continued easing from recent highs. Roma tomato pricing has now fallen to its lowest point since March, while onion and lettuce markets are also gradually normalizing. Attention is beginning to shift toward avocados, where an earlier-than-usual crop transition in Mexico and weaker upcoming supply projections are expected to create tighter market conditions. Outlook: Operators should continue seeing some relief on tomatoes, onions, and lettuce over the next several weeks. Avocados, however, could become one of the more pressured produce categories this summer, with pricing expected to remain elevated through the seasonal crop transition.   Grains Grain markets were relatively quiet last week, with much of the movement tied to broader energy market activity and geopolitical developments. Early optimism surrounding a new U.S.-China agricultural purchase agreement briefly lifted corn markets, but prices quickly

Alerts & What’s Trending   Produce Significant price relief is emerging for key produce items. Tomato prices have dropped sharply due to new supplies from the Eastern U.S. and Mexico, with 25 lb. large romas expected to return to the $10-$15/carton range by late June. Onion markets are stabilizing as the transition from old storage crops to new ones in California and New Mexico is underway, with a sharp price downturn anticipated in the coming weeks. Lettuce prices remain historically elevated after an April surge but are expected to normalize by the end of May, with 24-count iceberg cartons projected to be in the $15-$20 range by mid-June. Outlook: Expect further price reductions for tomatoes and onions through June, with moderating lettuce costs by mid-June. This presents an opportune time to plan aggressive summer promotions for salads, BLTs, and other produce-forward dishes as availability improves.   Grains The May Crop