Newsflash

[Futures Hot Topics Tracking] As the Ukrainian harvest season shifts towards corn, soybeans, and sunflower seeds, farmers are already adjusting their planting plans for next year. CNBC reported on Saturday that Odessa farmer Oleksandr Chumak stated that approximately 80% of his produce cannot be sold at a profit, and he has run out of cash.

[Futures Hot Topic Tracking] West African cocoa production season faces renewed weather threats. Foreign media reported this Friday that Sodexam, the national meteorological agency of Côte d'Ivoire, warned that insufficient rainfall could continue until early 2027, with drought and high temperatures putting pressure on the world's largest cocoa producer.

Kremlin: In coordination with Iran, Russian President Vladimir Putin conveyed Iran's views on a possible resolution to the conflict to US President Donald Trump.

Kremlin: Russian President Vladimir Putin expressed "understanding" of some of US President Donald Trump's proposals regarding easing tensions in Ukraine during the phone call.

According to Japan's Kyodo News, Japan plans to hold a summit with Vietnam in Tokyo in November to discuss energy and security issues.

The document shows that the rotating presidency of the European Union has proposed cutting the EU budget for 2028-2034 by 8% to €1.6 trillion; the European Commission had previously proposed €2 trillion.

The U.S. National Hurricane Center: Isaias weakened into a post-tropical cyclone after making landfall in Florida.

Douglas Police Department, Georgia, USA: Five people were shot and killed in a residence on October 9.

Russian authorities say they shot down 15 Ukrainian drones that were heading toward Moscow.

The U.S. National Hurricane Center predicts that Isaias will continue to weaken, but will continue to produce gusts deep inland until it weakens below gale force later today.

The U.S. National Hurricane Center reports that Isaias is moving toward southern Alabama, with flash floods and strong winds threatening to spread further inland.

The U.S. National Hurricane Center: "Simon" has been classified as a Category 4 hurricane.

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.0 occurred near Panama (7.53°N, 80.77°W) at 12:14 PM on October 10th. The final result is subject to the official rapid report.

[Oil Prices Return, Saudi Arabia Cuts Prices, Why Did Brent Crude Fall Below $100 and Then Quickly Rebound?] Saudi Arabia's crude oil price cuts, with Gulf oil exports nearly recovering to pre-war levels, shouldn't this be bearish? However, the actual cost for Asian buyers is approaching $150, and Brent crude is still around three digits! What exactly did Saudi Arabia cut in terms of price? Where has the supply recovery gone?

US President Trump: (When asked about hurricane preparations) Everything is under control.

On October 9, Pan Gongsheng, Governor of the People's Bank of China, met with Bonne, Foreign Affairs Advisor to the President of France. The two sides exchanged views on the current economic and financial situation, and Sino-French economic and financial cooperation.

Today, construction officially began on the upstream and downstream cofferdams for the Gezhouba Dam navigation capacity expansion project, part of the Three Gorges Waterway New Channel Project.

The U.S. National Hurricane Center predicts that Isaias will continue to weaken, but even after becoming a post-tropical cyclone, it is still expected to continue producing gusts inland throughout Saturday.

Florida Emergency Management Agency: A nationwide alert is in effect for North Florida, covering flash flood, storm surge, strong winds, and tornado warnings.

The U.S. National Hurricane Center: "Simon" has become a powerful hurricane, and preparations to protect lives and property should be nearing completion.