Soybeans hit 2-month low on US harvest, weaker crude oil prices

Soybeans dropped 1% to a two-month low on Monday, driven by abundant supplies from a record US harvest entering the market. The decline was further exacerbated by weaker crude oil prices, which also fell. Corn and wheat prices also experienced losses, though wheat saw limited drops due to ongoing disruptions in Black Sea supplies. Sustained weakness in crude oil could ease global inflation pressures, potentially reducing the appeal of gold as an inflation hedge and impacting Pakistan's import bill.

بحوالہ / Source: www.brecorder.com