September 24, 2026 08:17 PM GMT Global Agribusiness | Latin America El Niño Outlook: Insights from a Weather Expert Webinar We hosted Kevin Marcus, a meteorologist, agronomist, and president of Marcus Weather (MW), to discuss the potential weather impacts on global crops. Weather risks are high and largely skewed bullish for agricultural commodity prices, with Brazil remaining the critical watchpoint ahead. Key Takeaways We hosted Kevin Marcus, President of Marcus Weather, to discuss the evolving El Niño ou ...

24 Sep 2026 22:44:40 ET │ 37 pages Vi e w p o i n t | Global Asset Allocation House Views September 2026: Rates Bite, Equities Fight CITI'S TAKE Since our last asset allocation, there has been a triple punch against global duration, driven by hawkish front-end repricing from the Fed, ECB, and BoE, coinciding with higher oil prices. While the FI sell-off is extended, the market is not pricing a 1999 type cycle either, which has become more plausible. With geopolitical uncertainty, we remain neutral duration ...

Q&A 全球大豆供需格局由过剩转向趋紧，2026/27 年度期末库存预计降至 1.24 亿吨，同比减少逾 100 万吨。 美豆 2026 年产量虽达 1.23 亿吨历史次高，但受 RVO 政策刺激压榨及 中国采购支撑，库存压力有限，成本支撑位在 1,200 美分/蒲式耳。 巴西大豆种植重心北移加剧干旱敏感度，受超强厄尔尼诺影响，市场预 期 2026 年种植面积增幅不足 1%，产量预估存在 500 万吨预期差。 国产大豆因种植收益劣于玉米及生长期气候不佳，2026 年总产降幅或 超 20%，进口政策不确定性是价格上行的主要潜在风险。 印尼 B50 政策于 2026 年 7 月执行，预计年度需求增量 60-70 万吨， 2027 年产能释放后增量有望达百万吨，重塑棕榈油价格逻辑。 超强厄尔尼诺对棕榈油产量影响具 9-10 个月滞后性，2026 年 Q3 干旱 影响将在 2027 年 Q2 显现，11 月进入季节性去库期为关键博弈点。 厄尔尼诺背景下，大豆和棕榈油走势研判 202609288 在当前厄尔尼诺现象、大宗商品价格轮动以及地缘冲突导致种植成本上涨的宏 观背景下，大豆和棕榈油市场的整体走势如何？哪些品种受到 ...

October 14, 2026 02:46 PM GMT Chemicals | Europe M Update Global Chemicals Webcast Highlights Post our October Global Chemicals Webcast, joined by Vincent Andrews (US Head of Chemicals) and Kaylee Xu (China Chemicals Analyst), we highlight key views and takeaways: (1) China chemicals exports still on the rise, albeit gradually. China chemical operating rates are trending largely stable MoM, with Ethylene cracker rates averaging at around ~80% (yet still below February levels of ~85%), although Ethylene pric ...