1. Rio Tinto expects the unit cash cost (FOB basis) of Pilbara iron ore to be between US$23.5 and US$25.0 per wet tonne in 2026.
2. Brazil's National Association of Grain Exporters (Anec) said that Brazil's soybean exports in February are expected to be 11.46 million tons, lower than the previous week's forecast of 11.71 million tons.
3. According to data from the CME Group website, as of the week ending February 13, CBOT deliverable soybean stocks were 16.639 million bushels, a decrease of 1.96% from the previous week's 16.971 million bushels, and an increase of 36.62% from the 12.179 million bushels in the same period last year.
4. Data released by Brazilian shipping agency Williams shows that as of the week ending February 18, the number of ships waiting to load sugar at Brazilian ports was 43, compared to 53 the previous week.
5. According to foreign media reports, members of the Argentine Maritime Workers' Union FESIMAF launched a 48-hour strike against planned labor reforms. The country's grain exporters' association stated that the reforms are paralyzing port transportation in the country.
6. The U.S. Department of Agriculture (USDA) stated on Thursday that U.S. farmers will increase soybean acreage and decrease corn acreage in 2026 compared to the previous year; assuming normal weather conditions, both corn and soybean yields are expected to reach the second-highest levels on record.
7. The latest report released by the World Bureau of Metal Statistics (WBMS) shows that in December 2025, global refined copper production will be 2.2506 million tons, while consumption will be 2.1526 million tons, resulting in a surplus of 98,000 tons.
