Wheat posted the biggest weekly gain in 19 months amid concern that freezing weather damaged winter crops in the U.S., the world’s top exporter, while turmoil in Ukraine may delay shipments. Soybeans climbed, and corn dropped.
Arseniy Yatsenyuk looked at home with Angela Merkel yesterday as she chaperoned him around an emergency European Union summit. Yet the new Ukraine premier’s chances of getting a permanent seat in the Brussels club are becoming more remote as Russia tightens its grip on his country.
Liquefied natural gas suppliers are readying for increased demand from European countries seeking to diversify access to the fuel amid concern over Russian shipments after its military intervention in Ukraine.
Russia’s military intervention in Ukraine threatens to derail energy exploration in a region that holds a quarter of the world’s natural gas reserves, weigh on currencies and force companies to work to contain the damage.