Alerts & What’s Trending   Produce Produce markets continued to tighten, led by lettuce and tomatoes. Iceberg lettuce prices surged into the $40–$50 per carton range as harvest, yield, and shelf-life challenges persisted. Tomato pricing remained elevated due to ongoing cold-weather impacts, though improvement is expected as temperatures warm mid-February. Avocados bucked expectations, with 48-count Hass prices falling 9.2% week over week, despite seasonal trends pointing higher. Outlook: Lettuce pricing is expected to remain elevated and volatile in the short term. Tomato prices should begin easing as growing conditions improve, while avocados may remain flatter than usual into the first half of the year barring supply disruptions.   Grains Grain markets posted a positive week, led by the soybean complex. Optimism increased following trade announcements, including potential Chinese purchases of up to 8 million metric tons of U.S. soybeans, in addition to 12 million metric tons agreed to previously. Soybean

Alerts & What’s Trending   Produce Produce markets saw renewed strength, led by lettuce and tomatoes, both of which reversed higher following the prior week’s decline. Lettuce pricing increased as harvest and yield challenges emerged in Western growing regions, accelerating the end of its recent downturn. While iceberg pricing has moved higher, it remains below the extreme spring and summer peaks that often exceed $40–$50 per carton. Tomato markets strengthened as cold temperatures persisted across the eastern U.S., with pricing supported despite steady supply from Mexico. Outlook: Lettuce pricing may continue to move higher through late Q1, with additional upside risk into early Q2. Tomato prices are expected to remain firm while cold weather conditions persist.   Grains Grain markets were mixed, with corn and soybeans trading near even week over week, while wheat prices rallied briefly. Initial gains were driven by concerns over cold weather in U.S. winter wheat regions