Macroeconomics 1. [Bonds] Ministry of Finance: As of the end of July, the national local government debt balance was 52,762.7 billion RMB. Of this, general debt

ANEC said Brazil's soybean exports are estimated at 8.9 million tons in August 2025, slightly lower than the 8.94 million tons forecast a week ago. If

Macro 1. Promoting service exports: According to the Ministry of Commerce, a series of policy measures to promote service exports and several policy measures to expand

Soybeans: The supply and demand situation of soybeans in China for the 2025/26 marketing year is predicted to be consistent with last month. At present,

The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports meets market expectations, decreasing by 13% compared to

The ABIOVE report shows that Brazil's soybean production forecast for 2024/25 will be raised to 170.3 million tons, an increase of 600,000 tons from the

On Tuesday (August 12), the U.S. Department of Agriculture released its August supply and demand and production reports, lowering its soybean production forecast. The USDA

SECEX data shows that Brazil's soybean exports in the early weeks of August were faster than the same period last year. From August 1 to

The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports exceeded market expectations, decreasing by 18% compared to

SECEX data shows that Brazil's soybean exports accelerated in July, higher than the same period last year. From July 1st to 31st, Brazil's soybean exports

[Commodity Price Index] The Commodity Price Index (BPI) on August 4th was 868 points, down 1 point from the previous day, down 35.37% from the cycle

ANEC stated that the estimated soybean export volume from Brazil in July 2025 is 12.11 million tons, lower than the estimated 12.19 million tons a

According to data released by SECEX, Brazil's soybean exports have accelerated since July, higher than the same period last year. From July 1st to 18th,

The monthly report of the International Grains Council shows that global soybean production for 2025/26 is expected to reach a record high of 428 million

ANEC stated that Brazil's soybean exports in June 2025 were 13.9 million tons, bringing the export volume from January to June to 68.1 million tons,

The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports increased by 11% compared to a week ago,

The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports has decreased by 61% compared to a week

On Thursday, the Brazilian National Commodity Supply Company (CONAB) released its monthly report, once again raising its forecast for Brazilian soybean production for 2024/25 due

The data released by SECEX shows that Brazil's soybean exports slowed down in early June. From June 1st to 6th, Brazil's soybean exports were 3.036

ANEC stated that Brazil's soybean exports in June 2025 were 14.08 million tons, higher than the estimated 12.55 million tons a week ago. Last week, ANEC