1. MLF operation: On August 25, 2025, the People's Bank of China will carry out MLF operation of 600 billion RMB in the form of fixed quantity, interest rate bidding and multi price winning, with a period of one year.

2. Electricity: According to data from the National Energy Administration, as of the end of July, the cumulative installed power generation capacity in China was 3.67 billion kilowatts, a year-on-year increase of 18.2%. Among them, the installed capacity of solar power generation was 1.11 billion kilowatts, a year-on-year increase of 50.8%; The installed capacity of wind power was 570 million kilowatts, a year-on-year increase of 22.1%.

3. US tariffs: Starting from August 29th, the United States will temporarily suspend duty-free treatment for imported packages worth $800 or less, and all applicable taxes and fees will be required for small packages. Affected by this, postal operators in multiple European countries have recently announced the suspension of parcel services to the United States.

4. Canada's tariffs on the United States: Canadian Prime Minister Carney announced on the 22nd that the country will begin to lift some retaliatory tariffs on the United States from September 1st, but will still retain retaliatory tariffs on US steel, aluminum, and automobiles.

5. Federal Reserve: Federal Reserve Chairman Powell stated at the Jackson Hole Global Central Bank Annual Meeting that the current situation suggests downward risks to employment growth, and changes in the risk balance point may require policy adjustments. Powell stated that the Federal Reserve is open to interest rate cuts.

6. Japan CPI: Japan's core CPI in July increased by 3.1% year-on-year, higher than the expected value of 3%, and the growth rate has remained above 3% for 8 consecutive months. Energy prices have turned downward for the first time since March 2024, with an overall decrease of 0.3%.

Agricultural and Sideline Industries

1. Rice: By 2025, the planting area of early rice in China will be 4,742.9 thousand hectares (71.143 million mu), a decrease of 12,000 hectares (179,000 mu) or 0.3% compared to 2024. The unit area yield of early rice in China is 6,011.9 kg/ha (400.8 kg/mu), an increase of 86.5 kg/ha (5.8 kg/mu) or 1.5% compared to 2024. The total output of early rice in China was 28.513 million tons (57.03 billion catties), an increase of 339,000 tons (680 million catties) or 1.2% compared to 2024.

2. Corn: The International Grains Council (IGC) has released its monthly report, raising its global corn production forecast for 2025/26 to 1.299 billion tons, an increase of 23 million tons from the previous forecast and setting a new historical high. The significant increase this time is mainly attributed to the significant increase in the expected corn area and yield in the United States.

Pro Farmer's crop inspection shows that the expected corn yield in Minnesota in 2025 is 202.86 bushels per acre, and the crop inspection in 2024 is 164.90 bushels per acre; It is expected that the average number of soybean pods in Minnesota will be 1,247.86 by 2025, and 1,036.59 by crop inspection in 2024.

3. Palm oil: According to data released by the Malaysian Palm Oil Association (MPOA), the estimated palm oil production in Malaysia from August 1st to 20th is expected to increase by 3.03% compared to the same period last month, with an increase of 1.50% in the Malay Peninsula, 5.34% in Sabah, 7.06% in Sarawak, and 5.81% in Kalimantan Island.

According to data released by shipping survey agency SGS, it is expected that Malaysia's palm oil exports from August 1st to 20th will be 667,278 tons, an increase of 37.19% compared to the 486,404 tons exported in the same period last month.

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