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Prime Minister Theresa May announced she will resign and step down as Conservative Party leader on June 7 after failing to win parliamentary support for her Brexit withdrawal agreement. She said a new prime minister should lead the effort to leave the EU.
The resignation adds uncertainty over the timing and terms of Brexit.
Political uncertainty weighs on sterling and risk sentiment, which can feed through to currency-driven shifts in UK and European feed import costs. The direct effect on grain and oilseed prices is small.
cnbc.comSam Meredith, David ReidMay 24, 2019Not 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.
