1. According to Mysteel, from April 27th to May 3rd, the total iron ore inventory at seven major ports in Australia and Brazil was 11.804 million tons, a decrease of 495,000 tons compared to the previous period, representing a slight decline in inventory levels. Current inventory levels are at their lowest since the second quarter.
2. Data from the Southern Peninsula Palm Oil Pressors Association (SPPOMA) shows that from May 1st to 5th, 2026, Malaysian palm oil yield per hectare decreased by 27.56% compared to the same period last month, oil extraction rate decreased by 0.77%, and production decreased by 31.61%.
3. The latest data from the Price Monitoring Center of the National Development and Reform Commission shows that as of April 29th, 2026, the price of live pigs was 9.83 yuan/kg, the price of corn was 2.38 yuan/kg, and the pig-to-corn price ratio was 4.13. Compared to April 22nd, 2026, the price of live pigs increased by 2.61%, the price of corn remained unchanged, and the pig-to-corn price ratio increased by 2.48%.
4. According to the National Grain and Oil Information Center, soybean crushing volume at major oil mills nationwide in April was around 6.9 million tons, a decrease of 1.4 million tons month-on-month, an increase of 1.5 million tons year-on-year, and an increase of 200,000 tons compared to the average of the same period over the past three years. Imported Brazilian soybeans will arrive in May, leading to increased operating rates at oil mills. It is estimated that soybean crushing volume for the entire month will be around 8.5 million tons, an increase of approximately 1.6 million tons month-on-month, a decrease of approximately 500,000 tons year-on-year, and a decrease of approximately 200,000 tons compared to the average of the same period over the past three years.
5. Two Indian government sources stated on Wednesday that despite declining production, India currently has no plans to restrict sugar exports, as stable sugar prices indicate that weak demand has partially offset the supply gap.
6. Statistics Canada data shows that as of March 31, total Canadian wheat stocks were 19.5 million tons, a 12% increase from 17.4 million tons in the same period last year. Canadian canola stocks were 10 million tons, a 27.4% increase from 7.8 million tons in the same period last year.
7. On May 6, the Party Leadership Group of the Ministry of Agriculture and Rural Affairs held an enlarged meeting. The meeting emphasized the need to focus on grain production, strengthen comprehensive regulation of hog production capacity, firmly safeguard the bottom line of safety, and make every effort to stabilize the fundamentals of agriculture, rural areas, and farmers.
8. The latest data from the Fujairah oil industrial zone in the UAE shows that as of the week ending May 4, total refined petroleum product inventories at the port of Fujairah were 6.501 million barrels, a decrease of 481,000 barrels from the previous week. Specifically, light distillate fuel oil inventories decreased by 129,000 barrels to 2.551 million barrels; middle distillate fuel oil inventories decreased by 116,000 barrels to 1.128 million barrels; and heavy residual fuel oil inventories decreased by 236,000 barrels to 2.822 million barrels.
9. According to a survey, sulfur inventories at copper smelters in the Democratic Republic of Congo show significant divergence, ranging from half a month to three months' worth of inventory, with some approaching the warning line.
10. Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia stated that Indonesia will discuss importing more ore from the Philippines when domestic supplies are tight. Bahlil indicated that specific import volumes will not be agreed upon, and any transactions will be conducted on a business-to-business basis.
11. On May 6, 2026 (UAE time), the Guinean government, represented by the Minister of Minerals and Geology and the Minister of Economy, Finance and Budget, reached an agreement with Guinea Alumina Company (GAC) and Emirates Global Aluminium Company (EGA) through negotiations mediated by the current president of the Paris Bar Association. The agreement aims to finally resolve all disputes arising from GAC's cessation of operations in Guinea and the Guinean government's interruption of bauxite supplies to EGA, including any disputes related to Guinea Bauxite Company (CBG).
