Department of Agriculture said the corn harvest was 12% complete, as of Sunday, behind the average analyst estimate of 13% and the five-year average of 14%. The Chicago Board of Trade (CBOT) most-active corn contract was up 0.4% at $6.69 a bushel, as of 1130 GMT, and soybeans added 0.7% to $14.21-1/2 a bushel. "But we have a slight strength today as the U.S. "Agricultural markets have faced pressure in the last few sessions due to concerns over global recession," said a Singapore-based trader. Wheat prices gained 1.5% and were set to snap a two-session losing streak. The Nord Stream pipelines have been flashpoints in an escalating energy war between European capitals and Moscow that has pummeled major Western economies, sent gas prices soaring and sparked a hunt for alternative energy supplies.Ĭhicago wheat futures climbed, supported by concern over Russian supplies as some farmers are called to the army, while corn and soybeans rose from the previous session's near two-week low due to a slower-than-expected U.S. Russia, which slashed gas deliveries to Europe after the West imposed sanctions over Moscow's invasion of Ukraine, said sabotage was a possibility and that the incident undermined the continent's energy security.Ī senior Ukrainian official called it a Russian attack to destabilize Europe, without giving proof. Poland's prime minister blamed sabotage for the leaks, without citing evidence, while the Danish premier said it could not be ruled out. However, it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Europe is investigating leaks in two Russian gas pipelines that churned up the Baltic Sea, raising concerns from Copenhagen to Moscow about sabotage on infrastructure at the heart of an energy standoff.
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