1. Data released by the Canadian Grain Commission showed that as of the week of July 6, Canada's canola exports fell 72.1% from the previous week to 48,400 tons, compared with 173,500 tons the previous week.
2.
According to the latest data from the U.S. Commodity Futures Trading Commission, as of July 3, there were 50,300 unpriced sell orders for U.S. cotton on-call, an increase of 2,007 lots from the previous month; there were 88,366 unpriced buy orders, an increase of 3,172 lots from the previous month.
3. Recently, Shanxi steel mills have received verbal notification of crude steel production restrictions, achieving a reduction of nearly 6 million tons of crude steel production in the province throughout the year. At present, one steel mill has stopped production of a blast furnace, and the rest of the steel mills have stated that they will gradually formulate production reduction measures according to the index requirements.
4.
According to Mysteel, as of the week of July 10, rebar production, social inventory, and surface demand all turned from increase to decrease, and factory inventory turned from decrease to increase. The output of threaded steel was 2.1666 million tons, a decrease of 44,200 tons from last week, a decrease of 2%; the demand for threaded steel was 2.215 million tons, a decrease of 33,700 tons from last week, a decrease of 1.50%.
5.
MPOB monthly report data showed that Malaysia's palm oil exports in June were 1,259,354 tons, a decrease of 10.52% month-on-month; production was 1,692,310 tons, a decrease of 4.48% month-on-month, the first decline in four months; imports were 70,015 tons, a month-on-month increase of 1.51%; inventory was 2,030,580 tons, a month-on-month increase of 2.41%, higher than Reuters' expectations of 1.985 million tons, and increased for the fourth consecutive month, the highest level since December 2023.
6.
According to the July forecast data released by CONAB, the national commodity supply company under the Brazilian Ministry of Agriculture, Brazil's soybean production is expected to reach 169.4879 million tons in 2024/25, an increase of 21.7666 million tons year-on-year, and Brazil's corn production is 131.974 million tons, an increase of 16.474 million tons year-on-year.
7.
The latest USDA drought report shows that as of the week of July 8, about 9% of the US soybean planting area was affected by drought, compared with 8% in the previous week and 8% in the same period last year. About 12% of the US corn planting area was affected by drought, compared with 12% in the previous week and 7% in the same period last year.
8.
According to Longzhong Information, as of July 10, the total inventory of domestic soda ash manufacturers was 1.8634 million tons, an increase of 53,900 tons from last Thursday, an increase of 2.98%. This week, the inventory of soda ash manufacturers continued to accumulate, and the current soda ash factory inventory is close to the historical high level.
9. According to SMM, some photovoltaic glass companies have recently set a cold maintenance plan. It is currently estimated that there will be a production reduction of nearly 2,000 tons/day in July, and an additional 2,400 tons/day cold maintenance plan in August.
10.
BMI Research said that driven by new projects and mine expansions, as well as record high copper prices, global copper production is expected to continue to grow in the next few years. BMI expects global copper production to grow by an average of 2.9% per year between 2025 and 2034, reaching 30.9 million tons in 2034, compared with 23.8 million tons in 2025.
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