Evergreen has returned to the Suez Canal after almost three years, with its 16,556 TEU containership Ever Eon sailing through the waterway on November 8, 2026, on a voyage from the Netherlands to Singapore, the Suez Canal Authority said. Evergreen stopped Red Sea transits in December 2023 after attacks on commercial ships and rerouted around the Cape of Good Hope, a detour that adds one to two weeks to a voyage. The authority listed CMA CGM, Maersk, MSC, Hapag-Lloyd and COSCO among the lines whose services are back on the canal route, and called the return a positive indicator that East West trade is heading back to a sustainable path.
China’s October customs data carried weaker lines beneath the crude headline. Soybean imports dropped 23 percent to a seven month low despite US efforts to ship more beans under the trade truce with Beijing. Iron ore imports fell 5.1 percent to a five month low amid rising stockpiles and falling prices, steel exports dropped below 10 million tons for the first time since April, coal imports fell 5.5 percent to below 40 million tons for the first time since May, and fertilizer exports fell 26 percent after the previous month’s spike.
In prices, the site market tables show the grains firming into Tuesday’s USDA reports, with soybeans up 1.18 percent to 1,196.2 cents a bushel, corn up 0.68 percent to 442.2 cents and wheat up 0.34 percent to 590.0 cents, while gold futures eased 0.77 percent to 4,082.9 dollars an ounce and silver eased 0.37 percent to 52.37 dollars. Dry bulk freight rose 0.79 percent to 13.34 dollars, up 7.96 percent on the week, even as tanker freight fell 13.82 percent.