China is importing its first shipment of Argentine wheat since the 1990s, reports Bloomberg News, as Buenos Aires moves to boost exports by trimming tariffs.

S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced that its Black Sea Wheat price assessment has been used as the settlement price for the first ever swap contract for Black Sea wheat. The swap was traded between Ameropa AG and Solaris Commodities S.A.