1. Data released by Brazil's National Grain Exporters Association (Anec) shows that Brazil's soybean exports in April are estimated at 16.67 million tons, higher than the 15.78 million tons predicted the previous week.
2. The Indonesian Nickel Smelters Association (FINI) said on Wednesday that the new nickel ore pricing formula will put more pressure on the industry, which is already struggling to cope with rising production costs.
3. Since April, temperatures in Xinjiang's cotton-growing areas have remained consistently higher than normal, with heat conditions significantly better than in previous years and last year, which is favorable for cotton planting and emergence throughout the region.
4. The Paraná State Rural Economics Institute (Deral) in Brazil pointed out that soybean harvesting is also basically complete, with yields in some areas exceeding the average level and last year.
5. The National Oilseed Processors Association (NOPA) reported that U.S. soybean oil stocks in March were 2.039 billion pounds, compared to market expectations of 2.173 billion pounds and 2.08 billion pounds in February.
6. Latest data from the Fujairah oil industrial zone in the UAE shows that as of the week ending April 13, total refined petroleum product inventories at the port of Fujairah were 9.732 million barrels, a decrease of 2.823 million barrels from the previous week, falling below 10 million barrels for the first time in nearly nine years.
7. The latest report released by the World Bureau of Metal Statistics (WBMS) shows that in February 2026, global refined copper production will be 2.1984 million tons, while consumption will be 2.0688 million tons, resulting in a supply surplus of 129,700 tons.
