Friday, 7 December 2007

Commodoties - The Broader Business Perspective

An interesting article on U.S wheat futures ('U.S. wheat futures tumble after Egypt chooses Russia; Thursday, December 6th, 2007).

It prompted me to wonder what would happen if Arab states stop buying U.S wheat and others, perhaps encouraged by Chavez, stop selling oil and gas to the U.S.A, or decided to sell it in euros rather than pesos?

Hopefully Roger Cohen will look into this.

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