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Investing.com reported on April 29 that the euro had fallen about 1.65% in the first quarter and recovered about 1.25% in April. The ECB was expected to hold rates, with about a 10% chance of a hike priced for that meeting.
July Brent had reached a new contract high of $108-$109 per barrel.
Higher Brent prices raise biofuel feedstock values and input costs for feed production, supporting vegetable oils and feed grains. The euro's direction hinges on the energy shock, which keeps this story relevant to feed pricing.
investing.comMarc ChandlerApr 29, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
