Newsflash

The Brazilian real fell 8.2% to 5.42 against the US dollar in spot trading after the market opened.

Brazilian real futures plummeted, hitting the daily limit down.

Brazil's B3 exchange has adjusted the trading volatility limit for Ibovespa index futures to -20% and the daily price fluctuation limit for foreign exchange trading to 12%.

Brazilian stock index futures plunged 15%, hitting the daily limit down, after Brazilian President Lula won the election.

On Monday, October 26, the Shanghai Gold Exchange's gold T+D contract fell 0.59% to 859.9 yuan/gram in early evening trading; the Shanghai Gold Exchange's silver T+D contract rose 0.22% to 13045.0 yuan/kilogram in early evening trading on the same day.

Romanian port authorities: From January to September 2026, the Romanian Black Sea port of Constanta transported 1.03 million tons of Ukrainian grain, compared to 321,000 tons in the same period of 2025.

Both WTI and Brent crude oil prices fell by nearly $0.70 in the short term, last quoted at $100.20/barrel and $109.93/barrel respectively.

French President Macron: The curfew allowed order to be maintained during last Saturday's protests.

[National Main Port Iron Ore Transaction Volume Data]<br/>October 26: National main port iron ore transaction volume was 528,000 tons, down 15.52% week-on-week; forward spot transaction volume was 527,000 tons.<br/>October 23: National main port iron ore transaction volume was 625,000 tons, down 28.98% week-on-week; forward spot transaction volume was 800,000 tons.<br/>October 22: National main port iron ore transaction volume was 880,000 tons, down 30.32% week-on-week; forward spot transaction volume was 780,000 tons.<br/>October 21: National main port iron ore transaction volume was 1,263,000 tons, up 106.71% week-on-week; forward spot transaction volume was 510,000 tons.<br/>October 20: National main port iron ore transaction volume was 611,000 tons, up 0.99% week-on-week; forward spot transaction volume was 845,000 tons. October 19: National main port iron ore trading volume was 605,000 tons, down 19.97% week-on-week; forward spot trading volume was 902,000 tons. Last week's average: National main port iron ore trading volume was 796,800 tons, forward spot trading volume was 767,400 tons.

[National Port 24-Degree Palm Oil Transaction Volume Data]<br/>October 26: Palm oil transaction volume 500 tons, up 25.0% from the previous trading day.<br/>October 23: Palm oil transaction volume 400 tons, down 63.64% from the previous trading day.<br/>October 22: Palm oil transaction volume 1100 tons, up 378.26% from the previous trading day.<br/>October 21: Palm oil transaction volume 230 tons, up 248.48% from the previous trading day.<br/>October 20: Palm oil transaction volume 66 tons.<br/>Last week's average: Palm oil transaction volume was 359.2 tons.

[National Building Materials Transaction Volume Data]<br/>October 26: Building materials transaction volume was 88,000 tons, an increase of 9.05% compared to the previous trading day.<br/>October 23: Building materials transaction volume was 80,700 tons, a decrease of 2.89% compared to the previous trading day.<br/>October 22: Building materials transaction volume was 83,100 tons, a decrease of 8.98% compared to the previous trading day.<br/>October 21: Building materials transaction volume was 91,300 tons, an increase of 3.51% compared to the previous trading day.<br/>October 20: Building materials transaction volume was 88,200 tons, a decrease of 11.8% compared to the previous trading day.<br/>Last week's average: Building materials transaction volume was 88,700 tons.

[National Grade 1 Soybean Oil Transaction Volume Data]<br/>October 26: Soybean oil transaction volume 5,000 tons, a decrease of 90.0% compared to the previous trading day.<br/>October 23: Soybean oil transaction volume 50,000 tons, an increase of 147.52% compared to the previous trading day.<br/>October 22: Soybean oil transaction volume 20,200 tons, a decrease of 22.31% compared to the previous trading day.<br/>October 21: Soybean oil transaction volume 26,000 tons, a decrease of 32.64% compared to the previous trading day.<br/>October 20: Soybean oil transaction volume 38,600 tons, an increase of 133.94% compared to the previous trading day.<br/>Last week's average: Soybean oil transaction volume was 30,260.0 tons.

[National Major Oilseed Processing Plants' Soybean Meal Transaction Volume Data]<br/>October 26: Total soybean meal transaction volume was 198,200 tons, a decrease of 175,600 tons from the previous trading day, of which 72,200 tons were spot transactions.<br/>October 23: Total soybean meal transaction volume was 373,800 tons, a decrease of 104,800 tons from the previous trading day, of which 187,800 tons were spot transactions.<br/>October 22: Total soybean meal transaction volume was 478,600 tons, an increase of 250,800 tons from the previous trading day, of which 85,100 tons were spot transactions.<br/>October 21: Total soybean meal transaction volume was 227,800 tons, an increase of 121,800 tons from the previous trading day, of which 74,200 tons were spot transactions.<br/>October 20: Total soybean meal transaction volume was 106,000 tons, a decrease of 67,800 tons from the previous trading day, of which 51,000 tons were spot transactions. Last week's average: Total soybean meal transaction volume was 272,000 tons, of which 98,200 tons were spot transactions.

[What to Watch Tonight - October 26] USDA Export Verification Report Released, Crop Progress Report to Follow. Click to read.

Russian internet portal Yandex: None of the three supercomputers were affected by the data center attack and have been moved to a new location.

[Market Clues Today - October 26 Recap] Key market events worth reviewing today: Middle East shipping risks remain; benzene hit a new intraday high, and methanol hit the daily limit! Plant restarts and chlorine supplementation to maintain rigid operating rates led to a sharp drop in caustic soda prices, falling over 5% and hitting a new historical low. Post-market recaps of other important commodities such as live pigs, apples, asphalt, and polysilicon are also included.

The Governor of the Central Bank of Pakistan stated that foreign exchange reserves will reach $23 billion by December 2026 and $25 billion by June 2027.

[October 26th Soda Ash Daily Review: Soda Ash Market Inventory Reduction Accelerates] The domestic soda ash market saw narrow fluctuations today. As of now, the mainstream price for light soda ash in North China is 1070-1120 yuan/ton, and for dense soda ash, it's 1120-1220 yuan/ton; in Northwest China, light soda ash is priced at 790-860 yuan/ton, and for dense soda ash, it's 810-860 yuan/ton. Currently, the total inventory of domestic soda ash manufacturers is 1.3689 million tons, a decrease of 102,100 tons from last Thursday. Inventory continues to decline, and manufacturers are accelerating their shipments. Some soda ash plants are tightening supply due to maintenance shutdowns, slightly boosting short-term spot market sentiment. Downstream demand remains on an as-needed basis. Float glass companies have limited order recovery and are mostly maintaining low raw material inventories, with little incentive to replenish stocks. Demand from light soda ash chemicals and daily chemicals sectors is stable, with no significant upward pressure.

[Malaysian Palm Oil Midday Closing Price] At 18:00 Beijing time, the BMD Malaysian palm oil main contract closed down 0.52% at 4793 ringgit/ton.

Bank of America Global Research: Raises its target price for Italian oil company Eni from €24.50 to €26.50.