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The pound eased about 0.44% to $1.3784 after surging to a four-month high the previous day. Sterling had risen more than 1.2% on Tuesday to $1.3867, its highest level since September 2021.
The move followed comments from President Trump on the dollar.
Currency swings tied to Trump's dollar comments shift the relative cost of US commodity exports to importers. The price impact on feed grains is small and mostly indirect.
Not enough comparable past events yet for a historical read.
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.