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Sterling reached its highest level since the Brexit vote after Bank of England comments convinced traders that the first UK rate rise since June was coming. The MPC had already signaled on its policy decision day that it was nearing the time to raise rates.
Traders moved to price in a rise sooner.
Rising UK rate expectations strengthen sterling against the dollar, cutting UK feed importers' cost of dollar-priced commodities. The price effect is a currency move, not a change in grain supply or demand.
theguardian.comAngela MonaghanSep 15, 2017Not 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.
