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Sterling traded near two-month lows against the dollar ahead of UK manufacturing data. The pound had fallen 1.9% in April as chances of a May Bank of England rate hike dropped after weak data.
Weaker sterling on softer rate expectations raises the sterling cost of dollar-priced feed imports. This is routine currency commentary with no new grain-market cause.
economies.comRami HaddadMay 1, 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.
