Macroeconomics

1. [US-EU Auto Tariffs] European Commission President von der Leyen responded to President Trump's threats regarding auto tariffs, stating that the EU is prepared for "all scenarios." Trump had previously threatened to raise tariffs on EU-manufactured cars imported into the U.S. from 15% to 25%.

2. [US Trade Deficit] The U.S. trade deficit widened slightly in March to $60.3 billion—marking the second consecutive month of month-over-month growth—though it came in below market expectations of $61.0 billion. In March, imports rose 2.3% month-over-month, while exports increased by 2%. The U.S. goods trade deficit with China widened for the third consecutive month in March; deficits with Canada and Vietnam also expanded.

3. [Australia Rate Hike] The Reserve Bank of Australia (RBA) announced it would raise its benchmark interest rate by 25 basis points to 4.35%, marking the third rate hike this year. The RBA stated that the conflict in the Middle East is placing further upward pressure on inflation. The latest data indicates that Australian household spending surged 6.3% year-over-year in March.

Agricultural Products

1. [Live Pigs] Ministry of Agriculture and Rural Affairs: To thoroughly implement the decisions and directives of the CPC Central Committee and the State Council, the National Development and Reform Commission (NDRC), the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, and the Ministry of Commerce will jointly guide relevant local authorities to coordinate the effective utilization of fiscal funds, carry out commercial procurement for frozen pork reserves, and promote the stable operation of the market.

2. [Corn] The Brazilian National Association of Grain Exporters (ANEC) reports that Brazil's corn exports for April 2026 are estimated at 268,200 tons. This figure is lower than the 343,500 tons estimated a week prior, and also significantly lower than the 886,410 tons exported in March.

3. [Soybean Meal] The Brazilian National Association of Grain Exporters (ANEC) states that Brazil's soybean meal exports for April 2026 are estimated at 2.75 million tons. This is lower than the 3.06 million tons estimated a week ago, yet remains higher than the 2.239 million tons exported in March, representing a 27.9% increase compared to the 2.153 million tons exported in April of the previous year.

4. [Grains] The State Statistics Service of Ukraine reported that, as of April 1, 2026, Ukraine's grain stocks (including legumes) stood at 15.68 million tons—a year-on-year increase of 5.30 million tons, or 51.1%.

5. [Palm Oil] A decree issued by Indonesia's Ministry of Trade indicates that the country has set the reference price for crude palm oil exports in May at $1,049.58 per ton, an upward adjustment from the April price of $989.63. Based on this new reference price, the export duty on crude palm oil for May will be correspondingly raised to $178 per ton. Furthermore, Indonesia will levy an additional 10% special export tax on crude palm oil.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.