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Agriculture Featured News World

Wheat near five-year trough, corn at contract lows as supply weighs

The most-active wheat contract on the Chicago Board of Trade was down 0.2% at $5.15-1/2 a bushel. Chicago wheat futures eased on Tuesday to approach their lowest since 2020 as seasonal supply pressure from Northern Hemisphere harvests weighed on the market. Corn edged down to set fresh contract lows, with steady U.S. crop conditions and […]

trade Featured Finance World

The battle for trade currency dominance: The dollar vs the renminbi in Argentina

The US dollar has traditionally dominated the invoicing of international trade. But could other currencies one day replace it? This column examines a unique policy experiment in Argentina in 2023. Amid a severe dollar shortage, Argentina expanded its currency swap agreement with the People’s Bank of China. The share of imports from China invoiced in […]