# Fluctuations in sterling affecting grain prices | The Scottish Farmer

> 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.

- Date: 2019-12-27 · published 2019-12-27T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55651-fluctuations-in-sterling-affecting-grain-prices-the-scottish-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A weaker pound raises the sterling value of imported and export-parity grain, supporting domestic feed grain prices and reducing import competitiveness.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-09-01 | [Interest rate outlook directing grain price potential](https://feedsoft.ai/events/17813-interest-rate-outlook-directing-grain-price-potential.md) | +0.8% | +0.1% |
| WHEAT | 2018-01-28 | [U.S. dollar impacts grain prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/67028-u-s-dollar-impacts-grain-prices-agweek-1-source-for-agriculture-news-farming.md) | +0.2% | +2.1% |
| WHEAT | 2020-12-03 | [Grains and the Dollar: An Imperfect but Negative Relationship](https://feedsoft.ai/events/5269-grains-and-the-dollar-an-imperfect-but-negative-relationship.md) | +9.8% | +9.8% |
| WHEAT | 2017-06-28 | [The situation in the US is improving because of the precipitation, in Ukraine however it does not rain](https://feedsoft.ai/events/70610-the-situation-in-the-us-is-improving-because-of-the-precipitation-in-ukraine.md) | +3.2% | -2.8% |
| WHEAT | 2022-01-21 | [The Fertilizer Crisis Is Getting Real for Europe Food Prices - Bloomberg](https://feedsoft.ai/events/43072-the-fertilizer-crisis-is-getting-real-for-europe-food-prices-bloomberg.md) | +0.5% | -1.6% |

## Sources

- thescottishfarmer.co.uk: https://www.thescottishfarmer.co.uk/arable/18121348.fluctuations-sterling-affecting-grain-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.