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Sterling has weakened back to around £1=€1.18 after recovering to a high of €1.2079 following the general election. The article notes that the weaker pound has firmed UK grain prices.
A weaker pound raises the sterling value of imported and export-parity grain, supporting domestic feed grain prices and reducing import competitiveness.
thescottishfarmer.co.ukDoug NivenDec 27, 2019After 57 past bullish macro events, Wheat (SRW) moved a median +0.3% over 5 sessions (65% higher; middle half -0.5% to +1.7%), and -0.7% 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.
