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Sterling dropped to its lowest level in over a week against the euro after the flash composite PMI fell to 51.8 in May from 57.6 in April. The data pointed to a sharp slowdown in UK business activity and rising recession concerns.
A slowdown in UK activity points to softer demand for animal products and feed in Britain. The currency move has little direct bearing on grain prices.
reuters.comSamuel IndykMay 24, 2022Not 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.
