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Markets are pricing in at least two more European Central Bank rate hikes despite a sharp drop in oil prices and an improving inflation outlook. ECB officials are expected to raise the deposit rate by a quarter point to 2.75% at their final meeting of 2026.
Euro zone GDP rose 0.4% in the third quarter, more than many had predicted.
Higher euro-zone rates tend to strengthen the euro, which weighs on EUR-denominated feed and oilseed import costs. The effect on grain and oilmeal prices is indirect and limited.
irishtimes.comRichard CantillonNov 15, 2026After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
