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The pound gained sharply on Tuesday after a Bank of England policymaker suggested rates could rise several times over three years, then gave back part of the gain after Governor Carney's more cautious remarks. Trade-tension easing between the US and China also reduced demand for the dollar.
Mixed BoE signals and easing US-China tensions drove currency moves, which affect dollar-priced feed import costs for UK buyers. The effect on grain prices is indirect.
exchangerates.org.ukColin LawrenceMay 22, 2018Not 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.
