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Sterling rose almost 1% against the dollar after Spanish and Dutch finance ministers agreed to push for a Brexit deal that keeps Britain as close to the EU as possible. The article notes that news suggesting a softer Brexit has repeatedly strengthened the pound.
Softer Brexit expectations have been lifting sterling, which affects the currency cost of UK feed imports priced in dollars. The effect on grain and feed prices is indirect.
businessinsider.comWill MartinJan 29, 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.
