U.S. soybean futures firmed on Wednesday as traders remained hopeful for progress in trade talks with top soy buyer China and on a Japanese proposal to increase U.S. soy purchases, deals that could help U.S. farmers avert major losses.
The United States grain and oilseed markets are currently dominated by two factors, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill. Ettner said those are the absence of a trade deal with China and the ongoing United States government shutdown.
The head of the United Nations said on Wednesday that the global trade system was facing major challenges due to tariffs, with developing countries worst affected.
Brewer, Heineken warned its 2025 beer sales would fall as macroeconomic challenges worsened, further downgrading its volume guidance from the previous quarter.
A Canadian Food Inspection Agency (CFIA) announcement on import regulations for feeder calves caused some confusion on the administrative side of Canada’s cattle industry earlier this month