ECB chief economist Lane: A rare sell-off in U.S. Treasuries amid tariff turmoil, coupled with a weakening dollar, has made it harder for eurozone banks to rely on their dollar-denominated liquid assets.

A magnitude 6.0 earthquake struck Ecuador on the 21st local time.

1. Data from the Southern Peninsula Palm Oil Pressers Association (SPPOMA) indicates that from October 1 to 20, 2025, Malaysia's palm oil yield per unit area increased by 1.45% month-on-month, oil extraction increased by 0.24%, and production increased by 2.71%. 2. According to the "Regulations of the People's Republic of China on the Administration of Import and Export of Goods" and the "Interim Measures for the Administration of Tariff-Rate Quotas for Fertilizer Imports," the total tariff-rate quota for fertilizer imports in 2026 is 13.65 million tons, of which 3.3 million tons are urea. 3. According to foreign media reports, the London Metal Exchange (LME) zinc market is facing its most severe supply crunch in decades, with traders scrambling to buy the shrinking inventories that support exchange contracts. 4. BHP Billiton (BHP) released its third-quarter 2025 production and sales report, which shows that iron ore production (100% basis) at its Pilbara operations in the third quarter of 2025 was 70.246 million tons, a 9.3% decrease month-on-month and a 1.9% decrease year-on-year. 5. According to SMM, Rio Tinto has stockpiled approximately 2 million tons of high-grade iron ore at its Simandou project in Guinea, with shipments slated for mid-November. This will be the first shipment from the massive mine. WCS, which operates the other Simandou mine, also began stockpiling ore in September to compete for early market share. Simandou is expected to produce 120 million tons of iron ore annually at full capacity. 6. The Malaysian Palm Oil Council (MPOC) said on Tuesday that crude palm oil prices will remain above 4,400 ringgit per ton through 2026, supported by uncertainties surrounding biodiesel demand and exportable inventories. 7. Brazil's National Association of Grain Exporters (ANEC) projected Brazil's soybean exports for October at 7.34 million tons, up from last week's forecast of 7.31 million tons; soybean meal exports at 2.09 million tons, up from last week's forecast of 2.01 million tons; and corn exports at 6.57 million tons, up from last week's forecast of 6.46 million tons. 8. According to Mysteel's survey of all sample aluminum plants in China, the final value of China's primary aluminum production in September 2025 is 3.6804 million tons, a year-on-year increase of 2.67% and a month-on-month decrease of 2.90%.