Wheat Eases from High; Black Sea Woes, Crude Prices Limit Downside

Wheat Eases from High; Black Sea Woes, Crude Prices Limit Downside

Chicago wheat prices slid Thursday, retreating from a two-year high reached in the prior session. However, the decline was capped by ongoing attacks on grain vessels and port infrastructure in the Black Sea region. Separately, soybeans firmed, tracking higher crude oil prices, while corn saw a slight dip. While direct impact on Pakistani gold or currency rates is limited, sustained high crude prices could fuel global inflation concerns, potentially supporting gold as an inflation hedge.

بحوالہ / Source: www.brecorder.com