1. According to Mysteel satellite data, from October 19th to October 25th, 2026, the total iron ore inventory at seven major ports in Australia and Brazil reached 11.954 million tons, an increase of 102,000 tons compared to the previous period. Port inventories have slightly rebounded, but remain at their lowest levels since the second half of the year.
2. The CME Group announced that starting November 1st, it will reset the daily price limits for CBOT grain and oilseed futures. This is the second adjustment to price limits in 2026 and will remain in effect until the first trading day of May 2027. The daily price limits for CBOT soybean, corn, and wheat futures will be widened.
3. Malaysian palm oil inventories continue to rise, putting pressure on storage capacity in the country's largest palm oil producing region. According to industry executives and plantation operators, palm oil production in Sarawak on Borneo has exceeded expectations, and a sharp increase in freight costs has slowed transportation, leaving local storage tanks nearing full capacity.
4. Brazil's National Grain Exporters Association (Anec) released its weekly forecast, showing that Brazil's corn exports in October will reach 6.1 million tons, a decrease of approximately 770,000 tons from the previous week's forecast. Anec noted that this figure represents an increase of 407,000 tons compared to the same period last year. Soybean exports in October are estimated to be 6.15 million tons, down from 6.4 million tons the previous week, a year-on-year decrease of approximately 245,000 tons. Soybean meal exports are projected at 2.49 million tons, down from 2.52 million tons the previous week, representing an increase of approximately 763,000 tons year-on-year.
5. According to the London Metal Exchange (LME) Commitment of Traders report, as of the week ending October 23, 2026, investment funds held 25,300 net long positions in LME copper, a decrease of 8,494 contracts from the previous week; and 120,400 net long positions in LME aluminum, a decrease of 3,030 contracts from the previous week.
6. Peruvian copper miner Antamina issued a statement saying that it is implementing a "precautionary shutdown" following a fatal accident at one of its facilities.
