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Share -- -- While markets have focused attention on China as the primary source of market risk in 2016, Latin America has provided the more significant headlines in recent weeks.  Political turmoil in Brazil has resulted in the resignation of a market-friendly finance minister, and default looms in Venezuela.  But perhaps nowhere in Latin America is more at stake Read more [...]

Asunción (AP) –  Argentine President Mauricio Macri asked Venezuela's government on Monday to free prisoners being held for political reasons. Macri made his appeal during a meeting of the Mercosur trade bloc in the Paraguayan capital. He recently said he would seek to suspend Venezuela from the South American block over its government's jailing of opposition leaders. But that's no longer likely because President Nicolás Maduro's government respected the results of Venezuela's Dec. Read more [...]

Freight rates of grain and soybean keep declining in the world market. In the Atlantic basin Argentina remained the major factor having influence on the market. The supply of Argentine grain has already increased in the world market, but larger sales are expected later. According to former tax authority chief of Argentina, the volume of agricultural products stocks, which have not been supplied to the market is for the amount of USD 11.4 billion. At the same time the volume of soybean which can Read more [...]

Jorge Saenz Argentina's Macri: Free Venezuela's political prisoners Leaders whose countries form the Mercosur trading Read more [...]

The country will let the peso float starting Thursday, prompting a devaluation of the tightly controlled official exchange rate, Finance Minister Alfonso Prat-Gay told reporters at a press conference in Buenos Aires on Wednesday. FILE – In this January 23, 2014 file photo, USA dollar bills and Argentine pesos are displayed for the photographer on a table at a currency exchange business in Buenos Aires, Argentina. Over the a year ago, while the official exchange rate was fixed around Read more [...]

[NEW YORK] Argentina's new conservative government will begin negotiations with holdout creditors branded "vultures" in the second week of January, the New York arbitrator in the long-stalled process said Monday.Daniel Pollack, the special negotiator appointed to seek a compromise between Buenos Aires and creditors led by two hedge funds, announced the talks following an hour-long meeting with senior envoys of President Mauricio Macri including his finance secretary Luis Caputo."The meeting was constructive, Read more [...]

The first two sessions of the week had wheat moving higher. All three exchanges started sloppy, but by the end of the session, posted decent gains. The lack of news put pressure on wheat early, but that gave way to technical buying late. Technically, wheat is trading near its lows, but more importantly, this is currently the largest short position the funds have held since May. This helped bring some traders off the fence, becoming buyers. The Dec. 15 session had wheat ignoring the stronger U.S. Read more [...]

Argentina's conservative new President Mauricio Macri urged Venezuela today to free all "political prisoners," drawing a caustic reply from socialist counterpart Nicolas Maduro's government, which told him to quit "meddling." Speaking at a summit of South American leaders -- which Maduro snubbed -- Macri said: "I expressly call on all the presidents for the prompt release of all political prisoners in Venezuela." That rankled Venezuelan Foreign Minister Delcy Rodriguez, Read more [...]