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US butter: record output, leanest May stocks in four years

30-06-2026

Feiko Keilholz

US butter makers are running flat out, yet the cold store keeps emptying. Stocks ended May at 335.6m lbs, the lowest May reading since 2022 and down 8% on the year. The obvious explanation, that someone stopped churning, is wrong: production hit a record 916m lbs over the first four months of 2026, up 6.1%. […]

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Cocoa rallies more than 30%; deficit fears return for next season

Egg markets split as Europe nears a floor and US prices firm

Summer lull pulls cheese prices further from their spring peak

Palm oil holds firm while Brent slides on US-Iran thaw

Hot weather lifts EU grains while US futures slip

Cocoa jumps 11% as the market turns to El Niño supply risk

Coffee futures climb as short sellers bail out

North America paperboard tightens while Western Europe stays soft

A new-crop tender resets EU sugar price expectations

California almonds firm up as May shipments beat expectations

Ocean rates climb into July, with new tolls and surcharges close behind

Cocoa futures rebound on macro mood, not fundamentals

New Sathi crop bends old basmati prices, but the floor holds

Thin arrivals support Indian spices, but demand won’t chase

Brazil sets a poultry export record, but EU access hangs in the balance

Egg prices fall on both sides of the Atlantic, for opposite reasons

Pistachio and peanut supplies tighten as hazelnuts stay soft

European cheese softens as buyers wait out the summer

Ivory Coast arrivals outpace last season, pressuring cocoa

Coffee futures slide as speculators build their biggest short since 2023

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