1. According to CONAB, the national commodity supply company under the Brazilian Ministry of Agriculture, as of January 24, Brazil's soybean planting rate was 99.1%, compared to 98.6% last week, 99.2% at the same time last year, and a five-year average of 99%. The soybean harvest rate was 6.6%, compared to 2.3% last week, 3.2% at the same time last year, and a five-year average of 7%.
2. According to data from the China Iron and Steel Association, in mid-January 2026, the steel inventory of key steel enterprises was 16.13 million tons, an increase of 1.09 million tons, or 7.3%, compared to the previous ten days. Key steel enterprises produced a total of 19.79 million tons of crude steel, with an average daily output of 1.979 million tons, a decrease of 0.9% compared to the previous period.
3. According to data released by the Malaysian Palm Oil Association (MPOA), Malaysian palm oil production from January 1-20 is estimated to have decreased by 14.43%, with a decrease of 14.29% in Peninsular Malaysia, 11.12% in Sabah, 23.21% in Sarawak, and 14.6% in Borneo.
4. An OPEC+ representative stated that amidst a global supply glut and a wave of geopolitical risks, the organization is expected to maintain its plan to keep crude oil production stable next month at its meeting on Sunday.
5. Data from the International Aluminium Institute (IAI) shows that global alumina production in December 2025 is projected at 13.566 million tons, compared to 12.825 million tons in the same period last year, with the previous month's figure revised to 13.118 million tons. China's alumina production in December is projected at 8.17 million tons, with the previous month's figure revised to 8 million tons.
