Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

2026-09-21 Monday

2026-09-22

08:43:16

【Japan's Rice Prices on a Rollercoaster: New Rice Cheaper Than Old Rice, Government Buyback of Reserve Rice Fails to Alleviate Farmers' Worries】 (1) A rare phenomenon has emerged in Japan: rice produced in 2025 is more expensive than this year's new rice. Last year's "rice shortage" pushed up rice prices, but with the easing of supply and the government's release of reserve rice, rice prices have recently plummeted. From September 7 to 13, the average price of rice in stores fell below 3,000 yen per 5 kilograms for the first time in two years, falling for five consecutive weeks. (2) Rice prices reached a high of 4,416 yen per 5 kilograms at the beginning of the year, but fell by more than 2,000 yen in nine months. NHK analysis suggests that the main reason is the government's release of reserve rice, which led to a record high in private stocks at the end of June, resulting in a "rice surplus". (3) On the 18th, Japan's Ministry of Agriculture, Forestry and Fisheries launched a buyback of 210,000 tons of reserve rice, the first time since the current system was implemented in fiscal year 2011, but the scale and effectiveness have been questioned. Some rice farmers say that about 200,000 tons is not enough and that about 300,000 tons should be purchased. (4) Farmers are in dire straits: the estimated cost of purchasing new rice this year has plummeted by 40% year-on-year, the first such drop in five years and the largest ever. Affected by the situation in the Middle East, fuel, fertilizer, and labor costs have increased by more than 10%, and producers are worried that rice prices will fall below cost. The newly appointed Minister of Agriculture, Forestry and Fisheries, Kazuo Tsugami, has also expressed concern. (5) The sales side is also under pressure, with retailers worried that the 2025 harvest will be unsold after the new rice is stored. Media outlets believe that buying back reserve rice may alleviate the price decline, but this contradicts efforts to curb inflation. The Yomiuri Shimbun stated that the Ministry of Agriculture, Forestry and Fisheries' rice policy is "extremely chaotic," and the government must strengthen the production base.

08:08:17

[US CBC Annual Meeting Focuses on AI Regulation: Carter Says At Least 60 Members Support Guardrail Legislation] (1) The annual legislative session of the Congressional Black Caucus (CBC) concluded on Sunday with a more serious tone than in previous years, focusing on AI opportunities and regulation against the backdrop of escalating concerns about the threat of AI. (2) CBC Vice Chairman, Representative Troy Carter, stated that he fully supports regulation, as does the CBC; guardrails, transparency, and community protection are needed. He said that at least 60 of the 62 CBC members will vote in favor of legislation to regulate AI, establish guardrails, and provide human safety guidelines. (3) CBC members comprise 29% of House Democrats, and their position could rise if Democrats regain control of the House in the midterm elections. OpenAI is the latest company to report "worrying model behavior" of AI agents, part of a growing number of "jailbreak" incidents. (4) AI expert X. Eyee stated that the CBC wants to act in a way that protects communities without causing the US to lose in the national security race, and needs to address the issue of algorithms being used with virtually no boundaries. Carter said he is talking to voters about the importance of AI regulation in the midterm elections; Jeffries urged the House to continue its meetings to find legislative safeguards. Trump called AI security concerns a “hoax,” and Speaker Johnson countered that members should be allowed to return to their districts to present their cases; Carter criticized the Republican leadership for not submitting the bill to the full House for a vote. (5) AI and technology industry representatives also attended the CBC gathering. Meta President Dina Powell McCormick touted the economic benefits of data center and AI construction, with Meta building a Hyperion data center in Louisiana; Horsford stated that Black Americans cannot miss out on this economic revolution. Exelon CEO Butler said he is discussing the impact of energy prices and residents’ quality of life with lawmakers, and that energy companies have a responsibility to help address these issues. (6) Redistricting could affect the CBC. Harvard Kennedy School stated that the Supreme Court’s ruling in Louisiana v. Carles will make it more difficult to create “minority majority” districts, affecting the 2028 election and the 2030 census. CBC Chairman Clark estimated that up to 19 CBC member seats are at risk due to redistricting; Carter said the number is currently low but the impact remains, affecting not only members of Congress but also school boards and state legislative seats. Horsford stated that this was to protect voters' right to choose their representatives.

07:44:58

[Hot News Recap: Houthi Attack on Saudi Capital, US and Iran Exchange Strong Signals Again] 1. Iran and the United States exchanged strong statements again on Sunday. Trump warned Iran that it would face economic collapse or the removal of its leadership if it did not reach an agreement; the Iranian military responded that any new attacks would invite continued retaliation against US bases and interests, and that US regional allies would also be considered parties to the conflict. Trump also stated that he would be willing to meet with Iranian President Pezechzian if he attended the UN General Assembly in New York this week. 2. US allies in the Gulf have been severely damaged by the war. The situation further deteriorated on Saturday when the Iranian-backed Houthi rebels launched missile and drone strikes on the Saudi capital, Riyadh. Videos released by the media showed thick black smoke billowing from the area around Riyadh's main international airport. The US State Department issued a security alert, stating that the situation in the Middle East could escalate unpredictably, and reminded citizens to be aware of flight cancellations and airspace closures. The Saudi-led coalition claimed to have thwarted other attacks against Saudi Arabia. 3. After advancing along the coast, the Houthi rebels have occupied the Bab el-Mandeb Strait and have the capability to blockade this key waterway. Given that Iran has blocked most shipping through the Strait of Hormuz, energy exports from the Gulf region have been almost completely cut off, further exacerbating pressure on oil prices. Meanwhile, the US blockade of Iranian ports is preventing Iran from selling oil, causing serious economic problems. 4. Despite the economic damage, there are few signs that the temporary ceasefire agreement reached in June will be restored. Iran reiterated on Sunday that it will not reopen the Strait of Hormuz unless the terms of the June agreement are met as it understands them. Iranian Parliament Speaker Ghalibaf stated that Iran must continue fighting, repelling its enemies, and consolidating its gains through diplomacy while negotiating.

07:32:55

【Yen Weekly Outlook: Holiday Liquidity Declines and Insufficient Central Bank Guidance Make the Yen Prone to Sharp Fluctuations and Further Weakening】 (1) The yen is highly likely to experience sharp fluctuations and further weakening in the coming week. Japan is about to have a three-day holiday, which will reduce market liquidity; at the same time, the Bank of Japan has not given clearer guidance on the pace of subsequent interest rate hikes, disappointing investors. (2) On Monday, the yen stabilized at around 156.86 yen to the US dollar. Last Friday, the yen fell by as much as 1.3% when two board members of the Bank of Japan opposed the interest rate hike. (3) Later, there were reports that officials called market participants to conduct exchange rate verification, which was a precursor to potential foreign exchange market intervention and yen buying, but the news only slightly narrowed the yen's decline. (4) Last week, the yen depreciated by more than 2% cumulatively, marking the largest weekly decline in nearly a year. (5) James Reilly, senior market economist at Capital Economics, wrote in a report that, similar to the recent strong rise of the yen before most central bank meetings, the Bank of Japan has completely curbed its momentum this time; it can be said that the significant improvement in the yen's performance against the US dollar will depend on factors in the United States. (6) The recent news of a currency verification also highlights the possibility that Japanese authorities may intervene in the market again to prevent the yen from weakening further. Once intervention occurs, the exchange rate will fluctuate rapidly and violently, causing losses to traders. (7) Japan's holiday, which lasts until Wednesday, will cause insufficient market liquidity. If the authorities intervene, the effect of the intervention will be amplified. A similar situation occurred during the Golden Week holiday in late April and early May this year, when the yen fell below the 160 mark and Japan implemented foreign exchange market intervention.

07:04:53

UK September Rightmove Average House Asking Price Index (MoM)

Previous : -2 Forecast : -

Published Value 0.70

Previous

07:04:52

UK September Rightmove Average House Asking Price Index (Year-on-Year)

Previous : -1 Forecast : -

Published Value -0.80

Previous

06:15:16

[Iran Conveys Conditions for Reopening the Strait of Hormuz to the US Through Mediation, Warns Against Misjudging the Situation] 1. Iranian Parliament Speaker Ghalibaf, who previously served as chief negotiator for ending the war, stated on Sunday that Tehran has clearly conveyed its conditions for ending the blockade of the Strait of Hormuz to Washington through mediators. The conflict has lasted for months since the US-Israel coalition launched its attack on Iran in late February, and the two sides remain deadlocked. 2. Ghalibaf stated that Iran has clearly conveyed its message and conditions to the US through intermediaries, emphasizing that a return to the pre-negotiation state and the reopening of the Strait of Hormuz are impossible unless these conditions are met and US commitments are fulfilled. 3. The Chairman of Iran's Supreme National Security Council, Rezaei, stated on Saturday that Iran has conveyed its conditions to the US through Qatar, including ending the war on all fronts, unfreezing frozen Iranian funds, and ending the maritime blockade. He warned that the US will face a more prepared Iran than at the beginning of the war, and that if the US launches an attack, US military bases and commercial interests in the region will become targets of Iranian military and economic retaliation. 4. Rezaei also stated that Iran is prepared for a decisive war. The head of Iran's security services stated that the country's hypersonic missiles have increased speed from Mach 6 to Mach 10, its air defense system has been improved, and electronic warfare systems have been developed. He warned that if war breaks out again, US ships will be attacked unless they withdraw from the Indian Ocean. 5. Iranian authorities stated that Pakistani Interior Minister Mosin Naqvi will travel to Tehran on Sunday for talks. Meanwhile, Hatem Anbia, head of Iran's Central Military Command, issued a statement on state television on Sunday, warning that if the US makes a mistake in its relations with Iran, all of its bases and interests in the region will become targets of continuous, effective, and painful attacks, without any restrictions or constraints.

00:25:14

On September 20, Germany held two local elections simultaneously: the city council election in Berlin and the state parliament election in Mecklenburg-Western Pomerania (Megrenburg-Western Po). According to the latest exit polls, the far-right Alternative for Germany (AfD) is projected to receive 37% of the vote in the Mecklenburg-Western Po state election; the center-left Social Democratic Party (SPD) within the ruling coalition is projected to receive 35.5%; and the Christian Democratic Union (CDU), led by Chancellor Merz, is projected to receive only 5.5%, just barely qualifying for the state parliament – its worst performance in any state election since 1949. Given that other major parties have explicitly refused to cooperate with the AfD, its chances of governing Mecklenburg-Western Po are extremely low. However, this marks the second time in two weeks that the far-right AfD has become the largest party in a German state parliament. In the Berlin city council elections, the CDU is projected to receive 20% of the vote; the SPD 12%; and the Alternative for Germany (AfD) 16%, with its number of seats expected to increase. The Left Party is projected to receive 24.5% of the vote, currently in the lead. Germany has 16 federal states, and Berlin is one of the three city-states. In the eastern Saxony-Anhalt state elections held on the 6th of this month, Merz's CDU also suffered a major setback, with its vote share plummeting to around 17%; the AfD, on the other hand, won approximately 44% of the vote, becoming the largest party in the state parliament. (Source: CCTV International News)

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4346.16

-32.13

(-0.73%)

XAG

66.033

-0.213

(-0.32%)

CONC

92.49

-3.59

(-3.74%)

OILC

100.50

-2.70

(-2.61%)

USD

100.430

0.220

(0.22%)

EURUSD

1.1464

-0.0021

(-0.18%)

GBPUSD

1.3368

-0.0025

(-0.19%)

USDCNH

6.6926

-0.0020

(-0.03%)